Help make a million by joining the UoM Payroll Giving Scheme
28 Nov 2018
Spread the happiness and support your favourite charities
We are inviting you to spread the happiness by joining the University’s Payroll Giving Scheme to support your favourite charities.
Since January 2005 until October 2018, the total figure donated by University staff via our Payroll Giving Scheme has now reached £953,993.38. That means we are less than £50k from reaching £1million mark, which we hope to achieve in spring!
Payroll Giving is considered the best way to support your favourite cause. This is because your charity receives your donation, but also the amount that you’d normally pay in tax at no extra cost to you. Giving this way helps your charity receive regular financial support and helps smaller charities in particular, as many do not have the resource to claim back Gift Aid.
Professor James Thompson, the Vice-President for Social Responsibility has shared, “This is a phenomenal figure and one that all staff should be proud. Donations made in this way go to many amazing causes chosen by our staff - but the scheme makes sure the full tax relief possible goes to the charities concerned, boosting the amount and of course the impact of the money.”
Ways to donate via Payroll Giving
- Set up a regular monthly donation - For example a donation of £10 from your take-home pay to your chosen charity will be automatically boosted to £12.50 for a 20% rate tax payer and £16.66 for a 40% rate tax payer. Or you could make a commitment to donate an hour of your pay each month to your favourite charity.
- Set up a Charity Account - The CAF Charity Account helps you to put money aside for your charitable giving, and lets you control how and when you choose to support the causes you care about. The funds will be kept safe until you’re ready to donate.
You can sign up or read more information on Payroll Giving.
Watch this video on payroll giving.