Payroll Giving with Promise Dreams is a flexible scheme that allows anyone who pays UK income tax to give regularly and on a tax free basis. It is a relatively simple process for your organisation to sign up and donations are deducted before tax so each £1.00 you give will only cost you 80p, and if you’re a higher rate tax payer it will only cost you 60p.
Payroll Giving (also known as Give As You Earn or workplace giving) is a valuable, long term source of revenue, providing regular income to help charities budget and plan ahead more effectively. Employees can choose to support Promise Dreams with a regular donation direct from their pay.
It’s cheaper because its tax free – for example, a donation of £5 per month costs the basic rate tax payer £4.00 (the taxman pays the rest!)