Payroll Giving: a simple and tax-effective way to support SPEAR
Payroll Giving, also known as Give As You Earn, is a scheme which allows you to donate to your chosen charities directly from your pre-tax salary. This means that you can give to SPEAR without paying income tax on your donations, making it a tax-effective way to support us.
How does it work?
- Sign up to your employer’s Payroll Giving scheme, specifying SPEAR as your chosen charity together with your donation amount.
- Your employer deducts the authorised amount from your pay before deducting income tax under Pay As You Earn (PAYE).
- Your employer sends the donation to a Payroll Giving Agency which send the money to SPEAR.
Benefits to you
- Immediate income tax relief at the time of making the donation
- Convenient and easy way to support SPEAR
- There is no limit on the amount that can be donated from your pay
Benefits for SPEAR
- Increased certainty over our regular income
- Less administrative work for our small team
If your organisation needs to set up a Payroll Giving scheme
By incorporating Payroll Giving into your company’s CSR strategy, you can make it easy for employees to support your firm’s chosen charities and causes that they choose in a tax-efficient manner.
Contact a Payroll Giving agency to set up a scheme. Make deductions each time you run payroll. The donation will be taken from your employees’ pay before tax, but after National Insurance. Send the donations to your agency – they’ll pass them on to SPEAR and other chosen charities.
