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Charities benefit from Give As You Earn because receiving regular donations means that they can make financial plans for their long-term future. Employees can give as much or as little as they like, and because the donation is taken from their pay before tax, it actually costs them less.
Employees choose how much they want to give each month. The donation then comes off their gross pay, before the taxman touches it.
Get more out of Give As You Earn
If the employer covers the cost of running GAYE or matches employees contributions, the cost can be offset against corporation tax – reducing your company’s tax bill. Keeping this budget in a Charity’s Aid Foundation (CAF) Company Account free of charge will enable you to separate it from business revenue.
Give As You Earn is easy to run, click here for more information Sharing the Caring
You will also be rewarded for your charitable commitment with a Payroll Giving Quality Mark. The more employees you get involved, the more prestigious the award – why not go for gold!
It is very easy to set up a GAYE scheme
For further details or to see if your employer is registered you can look on the Charities Aid Foundation (CAF) website.
Or contact CAF:
Telephone
01732 520 019
Address
CAF (Charities Aid Foundation)
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4TA
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