Being a Better Business couldn’t be easier with Payroll Giving. Payroll Giving supports charities and allows your staff to save money and in the current climate this has to be something we should all be striving for.
If you manage your organisation’s Charitable activities then adding a Payroll Giving scheme is a simple and effective way to offer colleagues the option to support their chosen charity tax-free. This is because the deduction is taken before Income Tax but after National Insurance Contributions which means for every £1 donated it only costs the colleague 80p as a standard rate taxpayer or even just 60p as a higher rate taxpayer.
Payroll Giving benefits charities because it relieves them of the administration burden of reclaiming gift aid; which many charities can not reclaim due to lack of resources and it can take them up to four years to process these claims, whereas the tax benefit is actioned at source.
Payroll Giving is a sustainable, tax-effective and safe way to support charities and good causes. This scheme can be an easy way to really enhance your ESG strategy and become a Better Business.
We can help you set up a Payroll Giving scheme and engage employees with our tailored promotional materials at no cost to your organisation, helping you consider all the possibilities such as matching giving and communications.
Contact us now for more details or you can register here for our Free 30minute webinar on Wednesday 19th of April 10:30am .