What is payroll giving?
Payroll giving, or Give As You Earn (GAYE) is a very simple scheme that allows you to give to Teenage Cancer Trust directly from your salary. It is tax-efficient because donations are deducted from your gross pay.
How does it work?
If your employer offers payroll giving you simply authorise them to deduct regular charitable donations from your pay. Your employer then pays these donations to a payroll giving agency approved by HM Revenue & Customs. The agency then distributes the money to Teenage Cancer Trust.
What are the benefits of payroll giving?
The agreed donation is deducted from your pay before you pay tax, which means that tax relief is included in your donation at your top rate of tax.
For example, if you decide to donate £10, only £8 comes out of your salary and the rest is paid by the tax man.
Payroll giving helps Teenage Cancer Trust to keep our administration costs down meaning we can make the very best use of your donation.
How do I set it up?
Ask your employer's payroll department. If they do not offer a scheme why not suggest that they start one? It's easy and inexpensive to run. They can find out more by visiting www.hmrc.gov.uk/payrollgiving