What is Payroll Giving?
Information about Payroll Giving – for
employees
Payroll Giving is the most cost-effective
way of supporting People for People. The scheme 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 given to People for People.
To find out more about
payroll giving in your place of work, contact your payroll
department or get in touch with us at info@peopleforpeople.org.uk for
more information.
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. 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.
The scheme is easy and inexpensive to run and, until the end
of 2006, if you are a small to medium enterprise (less than 500
employees) you will qualify for a government grant to help your
business set up a Payroll Giving scheme. You can read more about
these grants here.
For more information about Payroll Giving, please go to http://www.hmrc.gov.uk/payrollgiving/employers/index.htm
