It's a scheme run by your employer which allows you to make a charitable donation tax-free through your salary. You will make regular donations from your pay, after calculations of National Insurance contributions, but before deduction of Pay As You Earn tax.
For example, if an employee who pays basic rate tax (20%) pledges to donate £10 to Tŷ Hafan a month, only £8 would come out of your net salary. If the employee pays higher rate tax (40%), the cost would be £6 to donate £10 to the charity.
@ 20% tax
@ 40% tax
If you change jobs, your Payroll Giving scheme will stop automatically. Be sure to ask your new employer if they have a Payroll Giving system in place and you can start it back up in your new job.
If you are looking to retire, make sure to check with your employer. Some employers run the scheme on pensions, so it could be a way to continue supporting Tŷ Hafan.
For more information on Payroll Giving for yourself or your organisation, please contact Lisa Williams on 029 2053 2283 or email email@example.com.