What is Payroll giving:
Payroll giving is an easy and tax-efficient way for you to give to HCPT.
It is very simple - your donations are deducted straight from your salary either as a regular weekly, monthly payment or as a one off gift. All you need to do is choose how much you want to give to HCPT. As your donations are taken from your salary before any tax is deducted so this gives you immediate tax relief, it cost you less, but gives HCPT more as the HM Revenue & Customs gives us the tax it would have otherwise have kept.
(National Insurance contributions are not affected).
Benefits of Payroll giving to you.
Simple, quick and hassle free weekly or monthly giving.
You are in total control once your payroll giving donations is set up. If your circumstances change you can increase, decrease or cancel your donation at any time.
As your donation is deducted before your pay any income tax it cost you less to give us more.
The table below shows some examples of different donations and the amounts HCPT would receive. (Remember that the amount you pledge includes the part the taxman will pay)
| Your Pledge to HCPT |
Actual cost to you @ 22% tax |
Actual cost to you @ 40% tax |
| £5 |
£3.90 |
£3.00 |
| £10 |
£7.80 |
£6.00 |
| £15 |
£11.70 |
£9.00 |
| £20 |
£15.60 |
£12.00 |
Benefits of Payroll giving to HCPT.
Committed and regular donations which allows us to send more children and adults on a holiday of a life time.
Limited administration which keeps our cost to a minimum.
Regular and reliable donations allows us to plan our expenditure and budget accordingly.
Benefits of Payroll giving to your employer.
Corporate Social Responsibility great way to support the community
Could lead to positive internal and external publicity
The scheme is simple and cost effective to administer.
Donations to the charities are administered by a payroll giving agency.
What Next?
Check that your payroll department at work runs a Payroll giving scheme. (If they are not currently running a scheme why not ask them to start one). They can register with Give As You Earn call or email The Charities Aid Foundation on 01732 520019 or
charityaccounts@CAFonline.org.
If they do run a scheme and most big companies already do just complete the form overleaf and give it to your Payroll department, it is that simple.
Now you know how simple it is, the tax benefits you receive and the difference your could make to HCPT What is stopping you?
Download the Payroll Giving Form
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