Payroll Giving donations now more important
With so many charity events being cancelled due to the Coronavirus our charity partners are urging 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. How come? Your donation gets deducted before you pay the taxman. For example, if you donate £5, the cost to you in your take-home pay is £4 and the taxman pays the rest!
What if I change my mind?
No worries! You can cancel your donation, change the amount or even which charities you would like to support, at any time.
How much will my donation cost out of my take-home pay?
|You donate||You pay|
|Cost to you as a 20% tax rate payer|
|Cost to you as a 40% tax rate payer|