Payroll giving is a simple and tax-effective way of making a regular donation to help us continue to make a difference to our patients and their families.
It works by deducting a sum from your pre-tax income on a regular basis, giving it to the charity of your choice. This means that you are making a tax-free donation from your pay. A donation of £1 to the charity costs you only 78p if you are a standard rate tax payer (22%).
Provided your employer already offers a scheme then donating by payroll giving really is very simple. All you will need to do is complete an instruction form and return it to us and we will do the rest. The form authorises your employer to make the deductions from your salary on our behalf. The deductions will then be sent to a Payroll Giving Agency approved by the Inland Revenue who will then forward the donations on to Manchester University NHS Foundation Trust Charity.
And if your employer doesn’t already offer a scheme then why not suggest they start one – payroll giving schemes are inexpensive to run and can be set up just four simple steps and what’s more all of the administration and set-up costs are tax deductible!
Four simple steps for employers:
To set up a payroll giving scheme all your need to do is:
- Fill in a simple contract with a registered Payroll Giving Agency
- Promote the scheme to your employees and give them the sign-up forms
- Make the monthly deductions along with your other standard payroll deductions
- Send one payment out to your agency – they will then handle all of the administration and make the distributions to the
donors’ various charities for you.
If you have any questions about payroll giving or would like details of the Inland Revenue’s approved Payroll Giving Agencies call the charity team on 0161 276 4522.