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| Payroll Giving |
(Give As You Earn)
Is a simple way to demonstrate a company’s
commitment to good causes. It does not need to cost the company anything,
although many companies do run ‘matched giving’ schemes.
The benefits of
Payroll Giving:
- Reliable source of income that The Children’s Adventure
Farm Trust can depend on.
- It is easy, painless and it ensures that you
never forget to give!
- It is a tax effective way for employees and
pensioners to give to charity. For every £1.00 that you donate, 22p (at 22% tax
rate), which would normally go to the taxman, will go to The Children’s
Adventure Farm Trust. Also, until April 2004 the government is adding 10% to the
value of all payroll donations, so more goes to The Children’s Adventure Farm
Trust at no extra cost to you!
Donation Details:
Your donation
: £5.00
Cost to you @ 22% tax (net) : £3.90
Cost to you @ 40% tax
(net) : £3.00
Value of your donation with the government’s 10% subsidy :
£5.50
Your donation : £10.00
Cost to you @ 22% tax (net) :
£7.80
Cost to you @ 40% tax (net) : £6.00
Value of your donation with the
government’s 10% subsidy : £11.00
Your donation : £50.00
Cost
to you @ 22% tax (net) : £39.00
Cost to you @ 40% tax (net) : £30.00
Value
of your donation with the government’s 10% subsidy : £55.00
How does
it work?
Providing that your employer offers a Payroll Giving Scheme,
it could not be simpler. All you need to do is complete our Payroll Giving Form
and pass it to your Payroll/Finance Department, sending a copy to us. This will
authorise your employer to deduct donations from your pay.
Your employer
pays these donations to a Payroll Giving agency approved by the Inland Revenue.
The agency then distributes the money to The Children’s Adventure Farm Trust.
Once your donation is set-up, you don’t have to do any more.
If your
employer does not currently operate a Payroll Giving Scheme – suggest they start
one. It’s easy and inexpensive to run.
We recommend www.allaboutgiving.org
operated by The Charities Aid Foundation.
For more information about
Payroll Giving, please contact the Fundraising Department on 01565 830053 or
email pippa@caft.co.uk
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