What is payroll giving?
Payroll giving is a tax effective way to donate to The Lotus Trust. This means that donations are made straight from your salary, or occupational pension, before tax. The end result is that it costs you up to 40% less. For example, if you donate £15, the actual cost to you will be £9 (based on a higher rate tax payer).
Why is it a good idea?
It is easy, effective and it costs you less! For a higher rate taxpayer, payroll giving is the ONLY way that a charity can automatically receive all your tax on your charitable donation.
How can I sign up?
Signing up could not be easier and can done in a number of ways:
- You can sign up downloading the payroll giving form and returning it to us by post.
- You can also sign up by approaching your employer directly. Your payroll department should have the form that you need to fill in. If not, please direct them to www.thelotustrust.org/payroll_giving.html, where there are step by step instructions for companies to start up payroll giving.
How does it work?
Once you are signed up your payroll department is informed and they set up a pre tax deduction from your salary. This deduction is sent to the agency your employer is registered with and they send the donations on to The Lotus Trust. Donations have to go through this channel in order to be tax effective.
What if I want to change my donation?
Payroll Giving is a flexible scheme. Employees can change their donation amount, add new charities or cancel their donations when they wish.
Benefits of donating via payroll giving
Payroll giving is easy, flexible and it costs you less. Payroll giving makes it easy to manage your donation – as the gift is deducted before tax, you never have to worry about paying it.
Your payroll gift is also extremely valuable to The Lotus Trust. Your regular support means that we can plan long term projects, reaching as many people as possible. As payroll giving costs you less, it also means that our supporters can afford to give The Lotus Trust more, which makes a vital difference to the communities who benefit form The Lotus Trust projects.
Why not ask your employer if they will match your gift? Many do, and this helps you to have your say about which charities your company supports