If you earn a salary, or if your pension is paid via PAYE, making a commitment to giving doesn’t get any simpler than this.
How does it work?
With Give As You Earn – the UK’s largest payroll giving scheme – you can give directly from your pre-tax salary, so money that would normally go to the taxman goes to charity instead.
You just decide how much you want to give each month – it could be a couple of pounds, or hundreds or thousands – and who you want to give it to. Then your donation comes out of your pay packet before the taxman touches it.
What are the benefits?
Your chosen charity benefits because they know they’ve got money coming regularly and can plan what to do with it in the long term.
You benefit because you don’t pay any tax on the donations you make. If you’re a basic rate taxpayer, a gift of £6.41 only actually costs you £5 – so you can pass the tax relief on to the charity
If you are interested in learning more please contact us here
