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Otherwise known as "payroll giving" this is the easiest and
simplest method for regular giving and for making one-off donations
when receiving a company bonus. Decide how much you wish to give and
then notify your employer of the name of the charity which you wish to
benefit, our registered charity number (i.e. 1087982) and the size of
your monthly donation.
This donation is then deducted from your gross monthly salary and for
tax purposes you will be deemed to have received a smaller income. If you
decide to donate £100 per month, it means that if you are a basic rate
taxpayer you will pay £22 less tax per month while a higher rate taxpayer
will benefit to the tune of £40. This brings down the actual cost of the
donation to £78 and £60 respectively.
There is one further benefit to be gained from payroll giving. Up until
April 2004 the government will add an extra 10% to the amount which you
are donating. Therefore a total donation of £110 will only cost a higher
rate taxpayer £60.
To action a payroll giving donation, download the payroll giving form,
complete it and hand it to your Payroll Manager.
If you require any further information on making donations by
cheque, please ring:
The Savitiri Waney Charitable Trust
+020 7838 0445
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