Payroll Giving
Help seriously ill children for less than you think. If you’d like a cost-effective way of donating to help seriously ill children and their families, why not consider Payroll Giving?
What is Payroll Giving?
Payroll Giving, or Give As You Earn, is an easy, tax-effective way for someone to give to charity. As long as you are an employee of a UK organisation and pay income tax, you can donate to charity directly from your salary. The tax relief benefits you the donor, making it a more attractive way for you to donate – it costs you less to give more.
Your payroll donations provide WellChild with a regular, reliable income stream that enables us to plan and budget for the future, ensuring that donations can be used most effectively.
How does Payroll Giving work?
Donations are taken out of your pay before income tax is worked out and deducted. This means that you get tax relief on your donation immediately and the taxman pays WellChild the rest of the donation. Once you have completed the attached form, your employer will deduct your donation each week or each month from your salary.
| Donation to the charity | Cost to you (basic rate tax payer: 20%) | Cost to you (higher rate taxpayer |
|---|---|---|
| £5 | £4 | £3 |
| £8 | £6.50 | £4.80 |
| £10 | £8 | £6 |
| £15 | £12 | £9 |
Payroll Giving is an incredibly easy way for you to give to WellChild – here’s how you do it:
Step 1 – If your employer does not already have a Payroll Giving scheme in place, then the first step is for them to contact a Payroll Giving Agency, details of which can be found at Approved agencies for Payroll Giving – GOV.UK (www.gov.uk)
Step 2 – Complete this form stating how much you would like to give and how often.
Step 3 – Give the form to your company’s payroll department allowing them to deduct your chosen amount from your pay.
If you have any questions regarding Payroll Giving please give Jason a call on 01242 530007 or email here.
