|Donor pledge||As a 20% tax payer you pay||As a 40% tax payer you pay||As a 45% tax payer you pay|
Payroll Giving (also known as Give As You Earn or Workplace Giving) is a valuable, long term source of revenue for charities. According to a 2017 statement from CAF, its payroll giving scheme had raised over £1.3bn for more than 20,000 different UK charities since it was launched in April 1987.
Another highly beneficial element to the scheme is that is allows for charities to plan ahead and budget more effectively. As Payroll Giving donations are offered prior to you paying Income Tax on your wages, charities do not have to claim Gift Aid, which ultimately means less administration and the associated costs for them, so that they can get on with their crucial charitable work. Furthermore, many employers who use the Payroll Giving scheme offer to match your donation each month. This is a very easy way to double the gift to your chosen charity.
For further information or advice on the Payroll Giving scheme please contact firstname.lastname@example.org
Article via garbutt-elliott.co.uk