Payroll Giving - why run Payroll Giving?
It's so easy
All the help you need is at hand to get your scheme up and running. In fact, most payroll software systems are already capable of administering a Payroll Giving scheme. And because all schemes are administered by a special Payroll Giving Agency approved by HM Revenue & Customs (HMRC), your work is even easier. Simply send all the money collected to the agency once a month (at the same time as Pay As You Earn tax is sent to HMRC and the agency will do the rest.
It's low, or no, cost to you
Since the Payroll Giving Agency does most of the administration, any costs you might incur are minimal and likely to be absorbed in your existing payroll costs. Plus any costs incurred running a scheme are allowed as a deduction against your profits.
Internal publicity
Running a Payroll Giving scheme is good for your business because it shows that you care about your staff and the community - helping to build better employer-employee relations as well as attracting the right people to come and work for you.
Corporate citizenship
Enrolling on the scheme shows you are committed to working in partnership with the community, so improving the company's public image and leading to positive external publicity.
Payroll Giving Quality Mark
Launched in January 2006, the Payroll Giving Quality Mark recognises and rewards employers and pension providers fro making Payroll Giving available to their staff.
The quality mark comprises a certificate and a logo, as well as Bronze, Silver and Gold Awards. It aims to provide UK charities with sustainable income streams by increasing participation in Payroll Giving.
To find out more visit the Payroll Giving Centre website, operated by the Institute of Fundraising.
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