Give As You Earn (GAYE) scheme
Making payday count through a Payroll Giving scheme is an increasingly popular and extremely tax-efficient way to raise money for Phyllis Tuckwell.
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!
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.