Payroll Giving donations now more important than ever
With so many people in need our charity partners are looking for support via Payroll Giving now more than ever. During these unprecedented times charities are even more reliant on regular donations from their supporters.
What are the benefits?
Not only is Payroll Giving super simple, but it's also tax effective. This is because your donation gets deducted before you pay HMRC. For example, if you donate £5, the cost to you in your take-home pay is £4 and HMRC pays the rest!
What if I change my mind?
Charities benefit from regular donations as it helps them plan and budget. If you set up a regular donation you can cancel your donation, change the amount or even which charities you would like to support, at any time.
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How much will my donation cost out of my take-home pay?
You donate | You pay | |
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Cost to you as a 20% tax rate payer | ||
Cost to you as a 40% tax rate payer | ||
Cost to you as a 45% tax rate payer |