
Payroll Giving
Give as You Earn is a scheme that enables employees to donate to any UK charity straight from their gross salary (before tax is deducted) meaning that you receive immediate tax relief. This means that a monthly donation of £10 straight out of your payroll, actually only costs you £8! (Even less if you are in the higher tax bracket).
Help give the gift of independence:
- £5 a month (£4 from you, £1 from the tax man) would help support an “Adopt a Puppy” recruit through training.
- £10 a month could pay for a set of dog grooming equipment
- £20 a month a month (each year) pays for the puppy equipment; leads, collars, puppy crates, toys etc for a puppy going through training
- £30 a month could help give continued support to an established Partnership until their dog retires, with our 24 hour helpline and regular aftercare visits
- £40 a month (each year) would purchase another puppy to become a future Canine Partners Assistance Dog
- £150 a month: Could your group of friends or family raise (£1,800 a year) over 11 years and transform a life, funding a future Canine Partners Assistance Dog from puppy, all the way to retirement; through puppy & advanced training, teaching the individual how to work with and care for their assistance dog (almost £20k)
What you should do: Simply ask your Payroll Department if they already operate a Give as You Earn scheme and, if so, how you sign up. Just fill in the
Give as You Earn form available here.
Gifts in your Will (or legacies)
Charitable legacies are free of inheritance tax, which is charged at a rate of 40% on estates over and above the threshold, which is currently £325,000. So if you make or change your Will, after looking after your loved ones, please consider the charities that you hold close to your heart. By remembering a charity in your Will, you may be able to limit the amount the tax man gets his hands on! Gifts made to a UK charity in the seven years prior to your death are also covered by the same exemption from inheritance tax. Read more about how a gift in your Will could help.
Share Giving
What is it? When you give or sell shares to a charity you can get substantial relief on your income tax bill, as well as exemption from Capital Gains Tax (CGT) on any gains you may have made on your shares. Like Payroll Giving, you receive the tax relief. Click here to get more details on
donating Shares..
Tax effective donations by companies
Gifts of money to UK charities by companies are made before tax is deducted (i.e. out of gross income or profits) so no Gift Aid declaration is required. Companies can claim tax relief for donations to UK charities as a charge against income in their corporation tax computation. There are also tax effective ways of donating equipment, stock or manpower.
See
http://www.hmrc.gov.uk/businesses/giving/companies.htm for more details.
For more information on all of the above please speak to a professional financial advisor or visit www.hmrc.gov.uk
If you would like Canine Partners to visit your offices to talk about Tax efficient support please
contact us.