About Payroll Giving donations
Payroll Giving is a unique way for people to give regularly to charity.
It allows employees, or occupational pensioners, to give money to any UK charity
directly from their pay, before tax is deducted. This means that it costs
the donor less and charity gets more.
Payroll giving is an easy and tax efficient way to make a regular gift to the Colostomy Association, to help us raise money for our work.
If your employer operates a payroll giving scheme, charity donations can be deducted from your gross salary before tax – so they cost you less and the taxman makes up the difference.
Through payroll giving a monthly £10 donation to the Colostomy Association would cost you £8, and only £6 if you are a higher-rate tax payer. Many employers will also match the amount, so your donation is worth even more.
To set up a regular gift contact your employer’s payroll department. If they do not have a suitable scheme in place they can set one up free of charge, simply by contacting an approved Payroll Giving Agency.
Here are a few facts about the scheme:-
What is Payroll Giving?
Payroll giving is a scheme that enables employees to give to any UK charity
straight from their gross salary (before tax is deducted), and to
receive immediate tax relief of up to £4 for every £10 donated.
How would the Colostomy Association benefit?
Payroll Giving provides a charity with a regular, reliable donation, allowing the charity to plan ahead and budget for the future.
What are the business benefits?
Quick
and easy to set-up and administer, payroll giving is a great way for
businesses to demonstrate commitment to the causes that their employees
care about. It can also aid retention and recruitment of staff, and
enable businesses to generate a sustainable income stream for
charities.
What are the benefits to employees?
Payroll Giving is an easy, tax-effective way to give to charity - so it costs employees less to give more. The system is easy to opt in and out of, giving donors full control over their giving.