Give As You Earn Scheme
Payroll Giving or Give As You Earn (GAYE) is a scheme that enables you to donate to Canine Partners straight from your salary (before tax is deducted) meaning that you receive immediate tax relief.
Employees
If your employer, company or personal pension provider runs a Payroll Giving scheme, you can donate straight from your wages or pension. This happens before tax is deducted from your income.
The tax relief you get depends on the rate of tax you pay, as an example, if you are a stand rate taxpayer (20%) and you donate £8.00, Canine Partners will receive £10.00.
You can check if your employer runs a payroll giving scheme at Charities Aid Foundation (CAF). If they are not already signed up, you can nominate your employer on the CAF website and it will do all the talking for you, approaching your firm with details of the scheme.
For more information on Payroll Giving visit GOV.uk.
Employers
We are very grateful to all those individuals who donate regularly through their payroll, and to the companies which have signed up to a payroll giving scheme. Knowing that we have regular donations coming gives us a better idea of future income, and means we can plan our activities longer term.
Joining in a GAYE scheme costs the company nothing. It is an extremely simple and cost-effective way to engage with staff and boost your company’s ethical credentials.
There are several organisations that facilitate GAYE. One of the largest of these is CAF. If enough of your staff members join, your company can even get a Payroll Giving Quality Mark to let the world know what a caring corporation you are.
For more information visit GOV.uk or you can receive further advice from the organisation Sharing the Caring.
For more information please get in touch.
Contact us with any questions