Payroll Giving

Payroll Giving is tax efficient, hassle-free and any corporate matching is tax-deductible.

Enhance a companies Corporate Social Responsibility and ethical profile with little effort.

 

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Our scheme makes it easier for your employees to give tax free, direct, regular donations to the charities of their choice.

SmartGiving™ is one of only 22 HMRC recognised Payroll Giving agencies in the UK.

Benefits for Employers

  • An easy and effective way for your employees to make charitable donations through GAYE deductions from their gross pay at their basic rate of tax.
  •  Quick and hassle-free, SmartGiving’s system provides all the set-up and administration forms  so that an employee can to donate to any UK registered charity of their choice, as often as they choose.
  • Approved HMRC Payroll Giving Agency (only one of 22 in the UK).
  • Enhances your company’s Corporate Social Responsibility (CSR) and ethical profile.
  • Any costs incurred in setting up a scheme and promoting it to your employees can be offset against Corporation Tax as a tax deductible expense.
  • Standard fees are 3.5% of donations received by value (room to negotiate dependent on size of payroll and levels of donations).
  • Matching your employees’ donations and / or paying administration costs boosts employee morale and motivation, creating a sense of belonging.
  • Can boost your recruitment drive and staff retention.

Benefits for Employees

  • Reduce employees’ tax through tax-efficient and cost effective GAYE (Give As You Earn), Payroll Giving by taking charity-allocated funds from an employees’ gross pay automatically each month, so they end up paying less tax overall.
  • Flexible, easy, quick and hassle-free, allowing an employee to donate to any UK registered charity of their choice, as often as they choose.
  • User-friendly dashboard ensures management and visibility of all transactions and donations.
  • Online or hard copies of employee donations are available making the completion of their tax return easier.
  • Flexible giving allows employees to choose from regular or one-off payroll deductions that can be used as they wish. Deductions can be amended or stopped at any time and are shown on their payslip.
  • Employers may offer to match the employees’ donation and/or pay the administration costs which are deductible expenses for the employer.
  • Standard fees are 3.5% of donations received by value (room to negotiate dependent on size of payroll and levels of donations).

Our scheme makes it easier for employees to give tax free, direct, regular donations to the charities of of your choice directly from your pay.

The table below is an example of how you can benefit from Payroll Giving

Donation Net cost to 20% taxpayer Net cost to 40% taxpayer Net cost to 45% taxpayer
£10 £8 £6 £5.50
£25 £20 £15 £13.75
£50 £40 £30 £27.50
£100 £80 £60 £55.00

Is your company already set-up for Payroll Giving?

The links below show examples of the sign-up Application Forms that need to be completed by both the employer and the employee.

To find out more get in touch today.