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Payroll Giving – How Does It Work?
Question: How do you turn a £7.80 donation into a £20.00 donation?
Answer: By signing up to Payroll Giving!
Donating through payroll giving is simple to set up and it is by far the most tax effective way to give to charity.
Employees can choose to support any charity with a regular donation direct from their pay. It's cheaper because it's tax free. For example, a donation of £10 per month costs the basic rate tax payer just £7.80 (the taxman pays the rest)!
It gets better! Because the government recognises that payroll giving is a good thing, they will match the first six months of each employee's donations, pound for pound.
So, for example:
£10 donation (Donor pays £7.80, Inland Revenue pays £2.20)
£10 donation Matched funding
= £20 total received by the charity
If you would like to learn more about Payroll Giving, please contact the Fundraising Team on 01730 711106 or email phoskins@efitzroy.org.uk
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