Donating to Charity through Payroll
Monday, 20 February 2012 00:00
Donating to Charity through 'Payroll Giving' provides multiple benefits. The most important being that the charity receives regular donations to help them with their good causes. Newton has recently joined the growing number of companies that offer Payroll Giving as a way for employees to donate to their favourite charities through their pay.
Payroll Giving allows employees to benefit too by providing a tax relief on donations at their top rate of tax, meaning that their donation costs them less and the charity benefits in full. Ensuring that the money which is donated is maximised by reclaiming the right amount of tax helps ensure that the good causes which lie at the heart of the fundraising efforts in Newton can get the most from each donation. Additionally, by paying the administration charges Newton have committed to ensuring that the full amount that gets donated goes straight to the charities which it is meant for.
Using the services of the Charities Trust, Newton employees now have the opportunity to donate to any charity (or charities) of their choice and since April 2011 when the scheme was introduced, more than 10% of Newton employees had signed up to donate money in this way. As the company grows, more and more opportunity exists for increasing the number of people choosing to donate in this way.
Showing our continued support to both local and international communities on an individual level is very important to many Newton employees. On top of the efforts that Newton makes at a corporate level, this is a great way of ensuring all employees have an easy, hassle free way to donating to the causes that mean most to them.
More information is on Payroll Giving is available at http://www.payrollgivingcentre.com.