Corporate Sponsors

Payroll Giving

Payroll Giving really does make a huge difference to the charity and helps us towards the build of our very first retreat house for terminally ill cancer patients.

The advantages of Payroll Giving

Payroll Giving is easy to operate and help’s build good relations with employees. The Karen Trust benefit because we get regular donations to help with our cause. Employees’ benefit because they get tax relief on the donations straight away at their top rate of tax, meaning that their donations cost them less.

For example, it would only cost an employee who pays tax at the basic rate of 20 per cent £8 to make a £10 donation to their charity. And it would only cost an employee who pays tax at the higher rate of 40 per cent £6 to make the same sized donation.

What is payroll giving?
Payroll giving, or Give As You Earn (GAYE) is an easy to use scheme that allows employees’ to give to The Karen Trust directly from their salary. Donations are deducted from Gross Pay.

What are the benefits of payroll giving?
A donation is deducted from your pay before you pay tax. Tax Relief is included in your donations at your top rate of tax.

How does it work?
An employee gives permission to the employer to deduct a regular charitable donation from the pay. The employer works with an Approved HM Revenue & Customs Payroll Giving Agency to manage these donations, which then pay the charity.

How to set-up a Payroll Giving Scheme:
Speak to the Human Resources Department and ask if they have a scheme set-up, if not, suggest that they possibly start one?

More information can be found by visiting: www.hmrc.gov.uk/payrollgiving

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Payroll Giving

Payroll Giving really does make a huge difference to the charity and helps us towards the build of our very first retreat house for terminally ill cancer patients.

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