Payroll giving

Payroll giving

Payroll Giving or Give As You Earn (GAYE) - Is a tax free way for UK tax payers to give money to UK Registered Charities.

Introduced in 1987, Payroll Giving is a simple, tax efficient scheme which allows employees to give money to the UK registered charity of their choice by having a deduction taken straight from their gross pay. There is no tax for the charity to claim back as no tax was deducted.

Some companies match or part match their employee donations via Give as You Earn [ [ Case study of an employer with £ for £ matching] ] .


More than 10,000 employers in the UK currently operate the scheme, and circa 2% of UK employees participate. Participating employers deduct agreed sums of money from their employees pay before calculating tax, and forward the money to a payroll giving agency; the agency then distributes the money to registered UK charities in accordance with the employees wishes (minus an administration fee).


For Donors

The UK has a progressive Income Tax system with a top rate in 2008 of 40%, and for higher rate tax payers this is a more tax effective way to donate to charity than Gift Aid, as Gift Aid assumes all donations were from Basic rate Taxpayers.

For Employers

As part of a broader corporate social responsibility policy, Payroll Giving offers employees the opportunity to channel their support for their social concerns whilst at the same time demonstrating the company’s strong credentials as a socially responsible business. Employers with high participation rates can win Bronze, Silver and even Gold awards from the Government [ [ Engage wins Gold] ]

For Charities

Charities benefit from their donations being tax free.

External links

* [ Workplace Giving UK]
* [ Payroll Giving in Action]


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • payroll giving — noun [U] WORKPLACE ► in the UK, a way of giving money regularly to a charityby having the money taken directly out of your salary every month and paid to the charity by your employer. In this way the employer can calculate what tax can be given… …   Financial and business terms

  • payroll giving — noun Contributions to charity which are deducted from one s wages and paid by one s employer directly to the charity concerned • • • Main Entry: ↑pay …   Useful english dictionary

  • giving — /ˈɡɪvɪŋ/ noun [U] SOCIAL RESPONSIBILITY ► the act of providing money for something, especially to a charity or other good cause: »Corporate giving has declined markedly since the beginning of the recession. »Charitable giving can usually be… …   Financial and business terms

  • Geared for Giving — The Geared for Giving Campaign launched at the House of Commons of the United Kingdom on 19 May 2008 by Anne Snelgrove, MP for South Swindon and Duncan Bannatyne OBE.The Geared for Giving Campaign intends to raise awareness of Workplace Giving… …   Wikipedia

  • GiveIndia — is a web portal that seeks to raise donations to assist projects in India. It aims to be the worldwide gateway to empower the millions of economically and socially disadvantaged citizens of India. The portal is owned and managed by the GIVE… …   Wikipedia

  • New Zealand Office for the Community & Voluntary Sector — (OCVS) Tari mō te Rāngai ā Hapori, ā Tūao Agency overview Formed 2003 Jurisdiction New Zealand Ministers responsible Hon Tariana Turia, Minister for Community and Voluntary Sector Hon Hekia Parata, Associat …   Wikipedia

  • Citibank India — Type Subsidiary of Citigroup Inc Industry Finance Founded 1902 Key people Pramit J …   Wikipedia

  • Corporate social responsibility — For other types of responsibility, see Responsibility (disambiguation). Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business)[1] is a form of… …   Wikipedia

  • Conservation Volunteers Australia — A community project involving sailors from the USS Blue Ridge near Cairns, 2009 Conservation Volunteers Australia is an Australian not for profit conservation organ …   Wikipedia

  • Midcounties Co-operative — Not to be confused with Midlands Co operative Society. The Midcounties Co operative Limited Type Consumer Co operative Industry Retail (Wholesale) …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”