Payroll Giving Explained: Everything employers need to know >>
Salary sacrifice is an arrangement between an employee and their employer where a portion of the employee’s salary is exchanged for a non-cash benefit before tax is applied. But what about charity? Can salary sacrifice be used for charitable giving?
Payroll Giving is a government-backed scheme that allows employees to make tax-free donations to charity directly from their salary. But how does HMRC support Payroll Giving, and what is their role?
Want to give to charity directly from your salary but unsure how much it will cost? A Payroll Giving calculator can help. Using this simple tool can show you the true cost of your donation after tax savings.
This Payroll Giving Month, businesses across the UK are being urged to step up their charitable giving, as research shows nearly half (46%) of charities are more in demand than a year ago, with 25% of the population cutting back on donating to charity due to the cost-of-living crisis.
There's no doubt that we have big hearts and a desire to make change in the world. But how can we still support the charities we care about when we're forced to tighten our purse strings?
