For employees
Payroll giving is an incredibly tax efficient way to donate. This is because it allows you to give regular donations to the British Lung Foundation straight from your pay packet or occupational pension before they are taxed.
There is also no need to worry about direct debits or standing orders, all you need to do is complete one simple authorization form. You can give as much as you would like and change your donation by simply telling your payroll department. It also means that the British Lung Foundation will have reliable income to plan for the future and effectively budget for long term projects.
This table demonstrates how tax efficient payroll giving is:
| DONORS MONTHLY GIFT | COST TO DONOR PAYING 20% TAX | COST TO DONOR PAYING 40% TAX |
| £10 | £8 | £6 |
| £5 | £4 | £3 |
For Employers
Payroll giving is great for business. It shows that you are committed to working in partnership with the community, which is something that is important to both your customers and your staff.
Payroll giving is easy and inexpensive to run. All you need to do is to make the deduction from your employees pay before tax, then simply pass it over to an Inland Revenue Approved Payroll Giving Agency and they do the rest.
Here are some tips as to how you can make your payroll giving scheme a success.
- Make sure your employees know about the scheme- promote in newsletters; the intranet; or nominate an employee to promote it for you.
- Give all your staff a payroll giving form.
- Include Payroll giving in new starters induction pack.
To find out more about Payroll giving please
email Emma-Louise Roberts or call her on 020 7866 5617.
