Tax bonus boosts giving via payroll

first_imgTax bonus boosts giving via payrollOn 3 Sep 2002 in Personnel Today Comments are closed. The number of people giving to charity through Give As You Earn hasincreased by 23 per cent since April 2000, reveals research. The UK’s largest scheme for tax-free payroll giving saw donations top £50mfor 2001-02. A survey by the Charities Aid Foundation examines the impact of radicalchanges made by the Government to payroll giving. These include removing the £100 monthly ceiling and adding a 10 per centbonus to all payroll donations until April 2003. According to the survey, nearly half of high-level donors taking part in thescheme have joined since the changes were introduced – boosting the averageannual donation among this group by 71 per cent to £2,396. More than half of those donating state that the tax changes has made animpact on their giving. Nearly two-thirds of these had switched from otherforms of tax-effective giving and almost a quarter of those previously donatingup to the £100 monthly limit have increased their contributions still further. Jenny Byers, CAF’s executive director for donor services, called for anextension of the 10 per cent bonus on payroll giving. “The dramatic growth brought about by the April 2000 changes can’t beignored. CAF is already working alongside other leading voluntary sector bodiesto ensure we build on this success and finally begin to realise the incrediblepotential of payroll giving,” she said. Previous Article Next Article Related posts:No related photos.last_img read more