Payroll Giving is a fabulous method of supporting your employees and getting involved in fundraising. It is also a great first step towards implementing a corporate giving policy.
Benefits from introducing the scheme include:
- The chance for your business to work in a collaborative way with Penny Brohn Cancer Care and generate a regular stream of income for the charity
- Introduction to Payroll Giving denotes good business practice and establishes an ethos of social responsibility both with your company and the wider community.
- Staff can make tax free donations to their favourite causes straight from their pay
About two thirds of people in the UK make a regular donation to a charity. Such donations are not only a simple and efficient way of giving, but are tax effective too!
Your employees simply decide how much to donate and the sum is then deducted automatically from payroll - before tax is deducted. For example if an employee wanted to donate £10 a month, it would only cost them £7.80 (based on the basic taxation rate) – the Inland Revenue make up the extra £2.20 – another good reason to give through Payroll Giving. The system is easy to opt in and out of, giving donors full control over their giving
Increase the Value of Your Employees Donations
Whatever the size of your business, you can help increase the value of your employees’ giving by matching their generosity. Your company can match pound for pound what each of your employees give – and you have the flexibility to put a cap on how much you match per employee.
Matched giving boosts morale and encourages team building by rewarding employees for their generosity.
You can also encourage employees to give in the following ways:
- One off gifts – if an employee gives £10 to charity, so do you
- Fundraising – match the money raised by staff from events, sponsorship and collections for Penny Brohn Cancer Care
- Volunteering time – you ‘pay’ your employees for their volunteering time with a donation to Penny Brohn Cancer Care
You can also allow your staff to nominate the charities you support, and vote for your Charity of the Year.
