Payroll Giving (also known as Give As You Earn or workplace giving) is very beneficial to charities, like TeachBeyond, for budgeting and planning ahead more effectively because of the regularity of this type of giving. Employees can easily authorise their employer to deduct charitable donations from their pay before deducting income tax.
It’s cheaper because it is tax free—for example, a donation of £5 per month costs the basic rate tax payer £4.00 (the taxman pays the rest!)
Higher rate taxpayers—the only way to pass on your 40% or 45% tax to charities. Only 28% can be recouped via other ways of giving.
On the form please denote your designation clearly (TeachBeyond missionary or project). For updating or removing Payroll Giving, please fill out the same form with your Referencenumber included.