Payroll Giving
What is Payroll Giving?
It's a simple way for you to give regularly from your pay and get
tax relief on your gifts. You can now give as much as you like from
your pay. An added bonus is that the Government is adding a further
10% to all such donations until April 2003. Provided you are an employee
or a pensioner and your employer deducts Pay As You Earn tax from
your pay or pension you can commit to Payroll Giving by telling your
employer the name of the organisation and its Charity Registration
Number (1014034 for The Kambia Appeal). There is no cost
to the employer.
How does Payroll Giving work?
You authorise your employer to deduct your gift from your pay. Every
month your employer pays it over to an Inland Revenue approved agency
which then distributes the money to the charity of your choice (hopefully
The Kambia Appeal!). There are no limits to how little or how
much you can give. How do I get tax relief?
Because your employer deducts your gift before tax is calculated,
you don't pay tax on it. This means that you get your tax relief immediately
at your highest rate of tax.
Can I stop giving?
You can stop giving at any time by telling your employer's payroll
department.
The table below shows how much difference donating by Payroll Giving
makes.
| You
give from your pay |
Value
of your gift to
The Kambia Appeal
(including 10% bonus
from Government) |
Actual
cost to
basic rate taxpayer |
Actual
cost to
higher rate taxpayer |
| £10 |
£11 |
£7.80 |
£6 |
| £50 |
£55 |
£39 |
£30 |
| £100 |
£110 |
£78 |
£60 |
|
NB As we understand the current situation we believe
our facts are correct, but if necessary please contact an advisor
for clarification. Further details of this scheme are available from
The Kambia Appeal.
If you would like further information or you can help
us in any way, please
contact us or email the Treasurer
|
