Payroll Giving
Payroll giving is simple to run, flexible and a great way for staff to give to charity through PAYE. People who receive their company/personal pension through PAYE can participate too. With deductions made before tax, each donation goes that little bit further – adding to that feel-good factor of helping GISDA through the workplace.
For example, it would cost an employee who pays tax at the basic rate of 20% just £8 to make a £10 donation to charity. And it would cost an employee who pays tax at the higher rate of 40% just £6 to make the same sized donation.
The deducted money goes to an Inland Revenue-approved Payroll Giving Agency, such as the Charities Aid Foundation, and they do the rest – sending the donated monies directly to us.
You can find out more about Payroll Giving and approved agencies on the HMRC website.
Alternatively, head straight to the Charities Aid Foundation (CAF) website for more information on their Give As You Earn scheme.