A payroll giving scheme is an easy, tax-efficient way of donating through your salary.
Payroll Giving, also known as Give As You Earn, is an easy, and tax effective way to make a regular donations, so it costs you less to give more.
It enables you to give to BRACE straight from your gross salary (before tax is deducted) giving immediate tax relief on your donations.
Anyone whose pay is taxed through PAYE can donate through Payroll Giving!
I'm an employee! How do I make a donation?
Check with your HR department to make sure that your company offers Payroll Giving. If they do, they will arrange your donation through your salary for you.
If your circumstances change and you no longer wish to donate simply tell your employer. If you change your job, your donations will not be transferred to your new employer, you will need to start a new Payroll Giving scheme.
Basic rate tax payers
If you pay the basic tax rate, for every £1 that you earn, 20p is paid in tax. If you pledge £10 a month, we receive the full amount but only £8 will be deducted from your net pay.
Higher rate tax payer
If you pay income tax at the higher rate of 40%, if you pledge £10 a month, only £6 would be deducted from your net pay, and at the super rate of 50%, only £5 would be deducted.
It is more efficient for higher rate taxpayers to donate through Payroll Giving than Gift Aid as charities are unable to claim back tax above the basic rate through the Gift Aid scheme.
The Income Tax applicable to the donation is paid to BRACE instead of the Inland Revenue.
|Employee Pledge||Cost to standard rate taxpayer (20%)||Cost to higher rate taxpayer (40%)||Cost to super rate taxpayer (50%)|
|£5 per month||£4||£3||£2|
|£10 per month||£8||£6||£5|
|£15 per month||£12||£9||£7.50|
I'm an employer! Do you have any resources?
Join our Business Network
It might surprise you that a charity would run a networking event, but that’s exactly what we do! Join our 'BRACE Business Network' and connect to others in the local area!
Bespoke Event Sponsorship
Help spread awareness of your partnership with BRACE by sponsoring one of our events, or by having our team support your own bespoke event! We love attending events!
Can your business help? Contact us to find out just what we need to achieve our ambitious programme. Whatever your capacity to give, support or raise awareness, we have the most comprehensive plan to help vital research into dementia and we want to hear from you and how you can be a part of the journey!
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