
Payroll giving allows any employer to take donations at source from an individual's gross salary. This donation is then handled by a third party payroll giving facilitator who distributes the money to the individual's nominated charity.
There are many benefits to payroll giving for individuals, employers and charities alike.
How it works
Your employee will ask you to deduct charitable donations from his/her salary. The deductions are made before so for example, it will only cost an employee paying basic rate tax £7.80 to donate £10.00 to charity.
The scheme is simple and cost-effective to administer and any costs can be deducted against company profits. All you have to do is choose a suitable payroll giving agency (we can advise you on suitable agencies), set up an agreement and they do the rest. A small administration fee will be charged and this will be deducted from the total donation.
See www.payrollgivinggrants.org.uk for more details.
If you're interested in setting up payroll giving for your company, please contact Nurun Hoque on tel: 01582 755999.
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