
Payroll Giving – information for employees
Payroll Giving is a simple, tax-efficient way for employees to donate to charity directly from their pay packet. Because deductions are made before tax is deducted, it will cost you less to give your donation amount. For example, if you pay tax at the basic rate, giving £10 a month will cost you only £7.80 because you save £2.20 tax. For anyone paying tax at the higher rate, giving £10 will cost only £6 because you save £4 tax.
Another advantage of giving through your payroll is that your employer may match the amount which you donate, thereby doubling the amount you give to VETAID. To find out more about payroll giving in your place of work, contact your payroll department.
Information about Payroll Giving – for employers
If your company is not yet running a payroll giving scheme, read on to find out what benefits it can offer you and your employees.
Payroll Giving is a simple, tax-effective way for your employees to give to charity from their pay packet. The scheme is easy and inexpensive for employers to run. Around 20% of the UK workforce has access to a payroll giving scheme in their place of work. So why not get involved?
Running a Payroll Giving scheme can be good for your business. It shows that you are committed to working in partnership with the community - something that is increasingly important to both customers and staff. It shows that you care about your staff. Offering your employees the benefits of Payroll Giving can help to build better employee relations and attract the right people to come and work for you.
Click on the link for more information about Payroll Giving.