February is Payroll Giving month, when charities, companies and Payroll Giving agencies come together to raise awareness of Payroll Giving as an effective way donating to good causes.
What is Payroll Giving?
Payroll Giving (also known as Give As You Earn) is an easy and tax-efficient way of making regular donations to your favourite charities straight from your pay.
How does it work?
You can make a monthly donation to a charity like Jacari and it will come straight out of your pay - easy! Donations are deducted from an employees’ salary before tax so, effectively, what the donor would have paid in tax goes to charity instead. If you were to choose to donate £15 per month, as a 20% tax-payer, it would cost you £12. As a 40% tax-payer it would cost you £7.50.
How do you arrange payroll giving?
Payroll Giving has to be arranged by your employer, who needs to be registered to a payroll giving agency. Many employers already have payroll giving set up. If they don’t, there is a list of payroll giving agencies on the UK government website.
Jacari is already registered with GiveAll, a fundraising platform owned by a UK charity which helps non-profit organisations raise money. They don’t charge any fees or commission for Payroll Giving so it won’t cost you or Jacari anything to donate. They make it easy for employers to set up payroll giving as everything is automated and there is minimal administration.
Your employer can also set up Payroll Giving through the Charities Aid Foundation who have a Give As You Earn platform. As a charity, Jacari can easily register with other Payroll Giving agencies too.
If you are interested in donating using Payroll Giving, please check with your employer first and then contact Jacari with details of the Payroll Giving agency that they are using.