Payroll Giving
How to make a tax-free donation
Payroll Giving (also known as Give As You Earn or GAYE) is a tax-free way of giving regularly to Young Enterprise London, making it one of the most efficient ways of supporting us.
You can apply to donate through your payroll online.
How Payroll Giving works
Each time you are paid, a donation is deducted by your Payroll Department before tax is calculated.
For instance, if you are a basic rate tax payer:
If you pledge £5 the taxman will add £1.10 – at no extra cost to you! And if you are a higher rate taxpayer then it will cost you even less to donate £5.
In addition, some employers offer 'matched giving' schemes where they match or double your gift at no extra cost to you – this means even more money for the charity.
Set up a Payroll Giving donation
Check with your payroll department that your company offers the Payroll Giving scheme, then decide how much you would like to give each payday. Remember that the amount you pledge includes the part the tax office will pay!
