Provider: Charities Aid Foundation
Background: Payroll Giving is a simple way to support a charity or charities of your choice on a regular basis through payroll by making monthly donations in a tax efficient way. You select the amount you wish to donate each month and print off the donor form to detail the charity or charities you wish to donate to. You return this to CAF to ensure that your donations are made.
If you already make a donation this will show on the Flexible Benefits system and continue to be donated based on your previous selection.
Flexible Benefits Options: Minimum £1 per month
Amendments to Benefit: You can choose or amend your contribution amounts if you experience a qualifying Life Event.
Tax and NI implications: This scheme is operated so that you make tax savings on this benefit.
Savings: Based on donating £50 per month to a charity a member of staff on £25,000 would save approximately £10.00 per month.