No Image Available

Annie Hayes

Sift

Editor

Read more about Annie Hayes

Employers in line for payroll giving grants

pp_default1

The Home Office has launched a new UK-wide grants programme to encourage employers to set up a Payroll Giving scheme.


It will give employers with fewer than 500 staff a cash incentive of up to £500 and match the first £10 donated by each employee, every month, for a period of six months.

The scheme enables employees to give to charity straight from their gross salary and to get immediate tax relief of up to 40% of each donation.

HRZone recently reported that fifty-eight per cent of working people questioned by YouGov in a recent poll for KPMG said their employers did not offer Payroll Giving.

The grants will be available to qualifying organisations signing up to Payroll Giving before the end of 2006, and will be backdated for those that have signed up since 6 April last year.

They will be tiered according to the size of the organisation:

  • £300 for employers with 1-199 employees
  • £400 for those with 200-249 employees, and
  • £500 for those with 250-499 employees.

Home Office minister Fiona Mactaggart said: “By donating money straight from their salary, employees can make a regular commitment to their favourite good cause. Payroll Giving makes it easy for people to give money tax-efficiently because donations are made before tax is deducted from an employee’s salary.

“Charities also benefit from regular, reliable funding and it gives businesses the chance to connect with their local community.

“Payroll Giving is something every organisation can get involved in, whatever their size. I hope this innovative new scheme – through which the Government will double employees donations by up to £10 per month – will encourage more small and medium sized businesses to get on board.”

The programme will be administered and promoted by the Institute of Fundraising and Business in the Community.

Guidance materials and further information are available by calling 0845 602 6786 or at

www.payrollgivinggrants.org.uk

Andrew Goodall
[email protected]


No Image Available
Annie Hayes

Editor

Read more from Annie Hayes
Newsletter

Get the latest from HRZone

Subscribe to expert insights on how to create a better workplace for both your business and its people.

 

Thank you.

Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
ErrorHere