Give As You Earn
Making payday count through a Give As You Earn (GAYE) scheme is an increasingly popular and extremely tax-efficient way to raise money for the Hospice.
Why is it so good?
Because it is tax free. Deductions are made from gross pay, and instead of having to sign a Gift Aid form to enable us to claim back the tax, the tax is added on to your donation. Simple and effective!
For example:
| Pledge | Cost to individual tax payer (22%) | Cost to individual tax payer (40%) |
| £5 | £3.90 | £3 |
| £10 | £7.80 | £6 |
| £15 | £11.70 | £9 |
Who can do it?
Anyone whose pay or pension is taxed through PAYE and whose employer offers a Payroll Giving scheme. And if yours doesn’t and you’d like them to, why not ask them to contact us – it’s easy to set up!
Why should a company offer a Payroll Giving scheme?
Quick and easy to set-up and administer, Payroll Giving is a great way for you to demonstrate commitment to the causes that your employees care about. It can also aid retention and recruitment of staff, and enable you to generate a sustainable income stream to charities, demonstrating your commitment to being a socially responsible employer.
Where can I find out more?
For more information on Give As You Earn, please visit www.payrollgivingcentre.org.uk
Sign me up!
Just call the Fundraising Team on 01252 729456 or email [email protected] to get started!
