Payroll Giving is one of the best ways to support London Cycling Campaign.
Your regular gift will provide the kind of reliable and regular income that allows us to plan for the future and continue our vital work.
What is Payroll Giving and how does it work?
Payroll Giving is an HM Revenue and Customs scheme that allows anyone who pays UK income tax to give a regular, tax-free donation to LCC.
Payroll Giving is one of the most tax-efficient ways to support our work. Each payday, an amount of your choice is donated to LCC via your payroll department. Your donations are given before tax so, if you pledge a gift of £10 a month, it will actually only cost you £8 at the standard tax rate of 20%.
The tax benefit you receive is in accordance with the amount of tax you pay, so if you are paying the higher rate of tax (40%) tax a pledge of £10 a month will cost you £6, or if you pay 45% tax, it will cost you £5.50.
What are the benefits for you?
Once you've set up a regular gift through your payroll, you can rest safe in the knowledge that your donation is being collected by one of the most cost-effective and tax-efficient methods possible. This allows your support of LCC to go even further.
The system is flexible with the ability to increase your donation or opt in or out of regular updates, allowing you full control of your giving.
What are the benefits for LCC?
Your payroll donation will help provide regular, reliable income for LCC and our work, allowing us to plan ahead and budget for the future.
What are the benefits for employers?
Payroll Giving is a great way for companies to enhance their corporate social responsibility and their commitment to the causes that their employees care about. It is quick and easy to set up and administer with virtually no setup costs.
Companies can also increase the value of their employees' contribution through matched giving, whereby they match an employee's donation by a chosen percentage.
Not only does this inspire staff to give more, it also boosts morale within the workplace and raises the company’s ethical profile.
How do I donate?
Ask your payroll department whether or not your company offers a Payroll Giving scheme. If they do you will need to complete a form, usually available from your Payroll Department or Personnel. Your employer will then pass the form on to a Payroll Giving Agency who will distribute your gift to us.