Payroll partners
Benefits for employees
Payroll Giving offers a fantastic opportunity for employees to support the charities they are passionate about. It is a highly tax efficient way of giving because donations are taken from pay or company/personal pension after any National Insurance contributions are removed, but before Income Tax is calculated and deducted. This means your employees get tax relief, depending on the rate of tax they pay.
For an employee this means, should they be a standard rate tax payer, they can donate £10 per month, but it only costs them £8 per month. Businesses can then choose to match fund the donation.
Benefits for the employer
Payroll Giving offers another way for companies to show their support for employees while strengthening their commitment to social responsibility. It enhances your organisation’s profile among the community and is easy to administer.
The scheme is both cost-effective and flexible. Employers can choose to cover administration fees, making it easier for employees to participate. Additionally, any matching donations or associated costs can be offset against company profits, providing potential Corporation Tax benefits.
Sign up for payroll giving
We can help you set this up and it can cost from as little as 25p per employee, per month – sign up today and let your team make a difference!