Establish a Payroll Giving Scheme
in your organisation
"Regular systematic giving is the bedrock on which a charity can build. Since, in most cases, such support is given without restriction, it is especially valuable as a source of core funding to meet the very necessary basic operating costs. Anything that encourages systematic giving is to be encouraged. Where an employer is willing to operate payroll giving, employees are able to make both regular and one-off charitable donations straight from their gross salary. This means the donor receives immediate tax relief on their donation and the charity benefits from the regular income flow. In April 2000 the government brought in a 10% supplement, which was added to all payroll giving donations. Since the introduction of this enhancement, the number of employers offering payroll giving has doubled and over five million employees are now able to give to charity in this way. The Charities Aid Foundation has reported that payroll giving donations rose from £37 million in 2000 to £86 million in 2003."
New Law Journal Spring/Summer 2004
Grants to set up a Payroll Giving Scheme
While payroll giving has been successful with larger employers, it has had very little impact with small and medium sized enterprises. To kick-start payroll giving for this important group of employers, Gordon Brown's 2004 Budget speech announced grants for small and medium enterprises to set up payroll giving schemes.
To find out more about how to set up a Payroll Giving Scheme for Step by Step, please email us or phone 01252 334922.
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