Payroll giving is one of the best ways to support the Foundation for People with Learning Disabilities. Your help provides reliable income for us to invest in vital, pioneering research.
What is Payroll Giving and how does it work?
Payroll Giving is a HM Revenue and Customs scheme that enables employees to donate tax free through their pay to a charity.
On each payday, an amount of your choice is deducted by your payroll department. Your donations are taken before tax so, if you pledge to donate £10 a month, it will actually only cost you £8, if you’re on a higher rate tax rate of 40 per cent only £6 comes out of your salary, and at the super rate of 50 per cent only £5 would be deducted. This way you get tax relief straight away, starting at your top rate of tax. It costs you less and HM Revenue & Customs gives us the tax it would otherwise have kept.
What are the benefits for the Foundation for People with Learning Disabilities?
You will help provide regular, reliable income from your donations, allowing us to plan ahead and budget for the future. Another important factor is that we don't have to spend as much on raising money if we can depend upon gifts being received automatically.
What are the benefits for employees?
Payroll giving is an easy, tax-effective way to give to charity - so it coats employees less to give more. The system is easy to opt in and out of, giving donors full control over their giving. Once a payroll giving scheme has been set up everything is done for you. You can also split your donations between two or more charities if you wish, avoiding the need to fill in several forms for different charities.
What are the benefits for employers?
Payroll giving is a great way for companies to demonstrate corporate social responsibility and commitment to the causes that their employees care about. It is quick and easy to set up and administer. Payroll giving can aid retention and recruitment of staff, and enable them to generate a sustainable income stream to charities.
You can also increase the value of your employees' giving by developing a matched giving scheme. This is a plan whereby you can match pound for pound what each of your employees give with the flexibility to put a cap on once gifts reach a certain amount. Not only will this inspire your staff to give more, it will also boost morale within the workplace at the same time as raising your company’s profile.
How do I donate?
Ask your payroll department whether or not your company offers the scheme - if not, you may wish to suggest they set one up. Alternatively, you could make a regular contribution by direct debit. If they do, then decide how much you would like to give each time you are paid.
If your company is not registered for the scheme they can sign up with a payroll giving agency who is registered to process employee donations.
Whether you are thinking about donating in this way or you are an employer wanting more information, visit the Payroll Giving Centre website for details about the scheme.