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The National Information Centre for Metabolic Diseases |
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Payroll Giving
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The rattle of the charity box outside the local supermarket is something that some people dread so why not give through your payroll instead.
The Inland Revenue have come up with a good scheme that allows you to give donations to Climb and save on tax at the same time. To good to be true, read on...
Two thirds of the population give to charity but better use could be made of this money if it was deducted from your gross pay before tax. This means that the money that you would have 'given' to the taxman will go straight to Climb.
Under the scheme if you pledge to give Climb £10 through payroll giving the it will only cost you £7.80 but it is worth £11 to Climb. A big difference. This is 41 percent more than if you put the money into the collecting tin. For higher rate taxpayers £10 through the payroll would cost the individual £6 but be worth £11 to Climb - 83 percent more. This is because until 2003 the government is adding 10 percent to all donations made in this way.
Any PAYE employee can donate through Payroll Giving as long as your employer is signed up for the scheme. And if not why not.
For more practical advice or information visit www.inlandrevenue.gov.uk/payrollgiving or telephone 0845 604 9000
Interested - give us a ring on 0870 7700 325 or read our current leaflet.
REMEMBER - It is worth more to Climb to give through your payroll
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