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Payroll Giving - working for a good cause

Payroll Giving - working for a good cause
Alison Clynes
Written by
Monday, 02 March 2009 22:28

Payroll giving is a simple, tax-free charitable giving direct from your pay."

Payroll Giving donations are deducted before tax so each £1.00 you give will only cost you 80p, and if you're a higher rate tax payer it will only cost you 60p.

Payroll Giving has increased from £37 million in 1999/2000, to over £109 million in 2007/2008 

There is room for further growth 

Only 2% of UK employees participate in Payroll Giving schemes. In the US, the employee participation rate is nearly 35%. 

Payroll Giving can make a tremendous difference to UK charities 

If participation increases to 10% of UK employees, then charities would receive an additional £300 million. 

And it's good for business 

Research shows that companies which offer Payroll Giving believe it improves the company image, enhances community involvement programmes, and supports employee volunteering. 

96% of companies feel that Payroll Giving is something a good employer should offer.... 

And nearly all said they would like to increase participation levels in their organisations.

 

For more information see the Payroll Giving website 

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