Did you know that this week is the first ever National Payroll Giving Week?
Payroll giving operates in the UK through HMRC – donations are taken from pay before tax. A donation of £5 a month would actually cost an employee £4 from their take-home pay (if they pay 20% tax) or £3 (if they pay 40% tax).
Over one million people in the UK donate to charities regularly through their pay and together they have raised over £2 billion for good causes. In additional to regular giving, payroll giving offers an unrestricted source of giving. There is no need to apply for Gift Aid since donations are made tax-efficiently via individuals’ salaries. This saves charities time and money.
You can be recognised by the Payroll Giving Awards in relation to the percentage of your workforce that contribute to a company’s scheme. Details of the quality marks can be found here:
If your company would like to join other like-minded businesses and support St Mary’s in an efficient and sustainable way – we’d love to hear from you! Email fundraising@stmaryshospice.org.uk.