Payroll giving is one of the easiest and most effective ways to raise money for Diabetes UK.
The scheme allows employees to make a regular donation to their chosen charity/charities straight from their gross salary.
This means they receive immediate tax relief on their donation and at a standard tax rate of 20 per cent will only pay £8 for a £10 donation or £6 at the higher 40 per cent tax rate and only £5 at the highest 50 per cent tax rate.
Business Benefits
"At The Royal Bank of Scotland Group, we have put payroll giving right at the heart of our support for charities. We match every £1 that our employees give through GAYE with a further £2 and over 12,000 of them are donating each month to the good causes that are important to them, such as Diabetes UK."
Jane McDonagh, Head of Charitable Programmes, Royal Bank of Scotland
Payroll giving is a great and easy way to demonstrate your commitment to the causes your employees care about or to your Charity of the Year. You can also further enhance your Corporate Social Responsibility programme by partly or fully match funding your employees’ donations.
Other business benefits include:
- Low cost and minimal admin.
- Easy to set up and run.
- A fun and easy way to involve employees in something worthwhile.
- Increasing staff morale
- You can earn a Payroll Giving Quality Mark, win awards for your successful payroll giving scheme (Payroll Giving Excellence Awards, Institute of Fundraising Annual Fundraising Awards), and build charitable image through PR and press opportunities.
- If you meet the Payroll Giving Agency’s admin costs, this can be offset against tax as a charitable donation.
If you are interested in setting up payroll giving, please contact Piyali Mendiratta on 020 7424 1184 or see instructions for employers or what difference will payroll giving make to Diabetes UK.