
Help animals while you work! Payroll Giving is a really cost-effective way of supporting WSPA.
The scheme is a simple, tax-free way for employees to donate to charity from their pay. If your company offers payroll giving, you can authorise them to deduct regular donations from your pay.
Because deductions are made before Pay As You Earn tax is taken off - they get tax relief at their top rate of tax.
This means that Payroll Giving adds at least 28% more to your charitable donation and it‘s the only way that a higher rate tax payer can give all their tax on a donation to a charity automatically.
For example, if you pay tax at the basic rate, giving £10 a month will cost you only £7.80 because you save £2.20 tax.
For anyone paying tax at the higher rate, giving £10 will cost only £6 because you save £4 tax.
Atbasic rate of tax:
Monthly cost to you £7.80
Monthly donation to WSPA £10.00
At higher rate of tax:
Monthly cost to you £6.00
Monthly donation to WSPA £10.00
Why not approach your company and suggest they implement a payroll giving scheme? They are easily set-up and increase the size of current and future donations you make to WSPA.
PLUS as a special measure to promote payroll giving, the Government has announced a new payroll giving grant for small businesses which covers the cost of setting up a scheme and matching employees' donations.
More information on the SME Grants for payroll giving >>
If you would like more information on payroll giving, please contact WSPA.