Payroll Giving is a flexible scheme which allows anyone who receives their pay through payroll to give regularly and on a tax free basis to the charities and good causes of their choice.
Payroll Giving donations are deducted before tax so for every £1.00 that you give it will only cost you 80p, and if you’re a higher rate tax payer it will only cost you 60p.
Payroll Giving (also known as Give As You Earn or workplace giving) is a valuable, long term source of revenue, providing regular income to help charities budget and plan ahead more effectively. Employees can choose to support any charity of their choice with a regular donation direct from their pay.
Its cheaper because its tax free – for example, a donation of £5 per month costs the basic rate tax payer £4.00 (the taxman pays the rest!)
Higher rate taxpayers- the only way to pass on your 40% or 45% tax to charities. Only 28% can be recouped via other ways of giving.
CVS Uttlesford is encouraging local employers to sign up to payroll giving and donate contributions to our Community Chest fund. This is a pool of money that local good causes can apply to for grants in support of their work within the Uttlesford district.
Contact Richard to find out more about payroll giving and supporting the CVSU Community Chest fund