Donating straight from your salary or "Payroll Giving", is a uniquely cost effective way to support our work. You decide how much you would like to give each month - £5 for example. This amount is then paid to us straight from your monthly salary before tax is deducted. That means a gift of £5 will cost a standard rate tax payer £4.00.
What's more, because we know your gift will be coming on a regular basis, we can plan our future services and finances more effectively and with confidence. We will also send you our supporter magazine twice a year to keep you updated on how your donations are being spent.
What are the benefits?
Payroll Giving is a tax-effective way for employees and pensioners to give to Winston’s Wish. For every £1 that you donate, 20p (at 20% tax rate), which would normally go to the taxman, will go to Winston’s Wish.
How does it work?
Providing that your employer offers Payroll Giving it could not be simpler. All you need to do is print out our Payroll Giving Form, fill it in and pass it on to your payroll or personnel department and then send 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 Winston’s Wish. Once your donation is set up, you don't have to do any more.
In return we will send you our supporter magazine twice a year, which will keep you updated on how your donations are being spent.
If your employer doesn't offer Payroll Giving suggest they start one - it's is easy and inexpensive to run. They can find out more about how to get started from the Inland Revenue (see the link below).
Further Information and Queries
If you have any queries about donating through your payroll, please contact us on 01242 515157.
For more information about the benefits of payroll giving please see the Inland Revenue website: www.inlandrevenue.gov.uk/payrollgiving
Why should I offer Payroll Giving to my Employees?
Running a Payroll Giving scheme is good for your business. Not only does it show that you're committed to working in partnership with the community - something that is increasingly important to customers and staff - it also shows that you care about your staff. Offering them the benefits of Payroll Giving can also help to build better employee relations and attract the right people to come and work for you. It is easy and inexpensive to run and you can deduct any administrative costs from company profits for tax purposes
How does Payroll Giving work?
It's simple. Your employee asks you to deduct regular donations from their pay. You make the deduction before tax, in other words, after calculation of National Insurance Contributions, but before deduction of Pay As You Earn tax. This way your employee gets tax relief straight away at their top rate of tax. You pay over all the money you deduct to an Inland Revenue approved Payroll Giving agency and they do the rest - distributing the money to the nominated charities by your employees.
Who pays the administration?
Most of the administration cost is incurred by the Payroll Giving agency. Most agencies make a small charge, which they deduct from donations before distributing them to charity. The charge is normally no more than 4% of the donation, or 25p per payroll deduction, whichever is the greater. Some companies pay this charge themselves so that the charity receives the full value of the amount paid by the employee. Your administration costs should be very small and are likely to be absorbed in your existing payroll costs. In any event, any costs of running a scheme will be allowed as a deduction against your profits for tax purposes.
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