Registering for Payroll Giving means you can donate to any UK registered charity directly from your gross pay before tax and your chosen charity receives up to 50% more, so if you donate £5, it could be worth up to £10. It’s quick and easy to set up and your support provides a reliable income stream for Engineers Without Borders UK.
Payroll Giving is particularly tax effective as it is the only way a higher (40% – 50%) rate taxpayer in the UK can donate their full tax on a donation (unlike Gift Aid, which charities can only claim a standard rate of 25% back on).
Payroll Giving is also one of the most cost-effective ways for us to receive donations because we avoid some of the processing fees of traditional donation payment providers. Regular donations are hugely valuable, helping to stabilise our cash flow and reduce the resources we spend on fundraising..
Payroll Giving is a great way for employers to promote their brand ethics and social responsibility to their staff at zero cost. Thousands of companies have registered on the scheme for free and it has proved to be a hugely popular employee benefit.
The easiest way to get started is to check with your payroll department whether your employer is registered for Payroll Giving and how to enrol. If your company is not registered for payroll giving, why not suggest it? It’s quick, easy and free to set up.
Two of the most commonly used Payroll Giving agencies are Charities Aid Foundation (CAF) and Charities Trust. HMRC maintain a public list of approved Payroll Giving Agencies. The current list can be found here.