Payroll Giving
Have your donations deducted from your pay and the tax credit
applied immediately.
Payroll giving allows you as an employee to 'give as you earn'
by making donations directly from your pay to approved recipient
organisations. For every dollar you donate, you receive
1/3 back as a tax credit in the same pay period. No more
holding onto receipts for a year, no more tax returns.
The deduction and the credit are all done automatically for you
through your employers payroll system.
Employees in participating companies simply nominate a charity
or organisation, as long as it has IRD approved status, to donate
to from their pay. The employee receives an immediate 33.33 per
cent tax rebate, so if someone gives $15, it only costs them
$10.01, but the organisation receives the full $15.
Payroll giving is a voluntary scheme and as such, your employer
has the choice whether to make this option available to you, and
may restrict the choice of charities they will facilitate donations
for.
Please, include the YWCA Auckland in your payroll giving
scheme. YWCA Auckland staff are happy to make presentations to
staff and or employers about payroll giving and why YWCA Auckland
should be your charity of choice. Email your request to the
Fundraising team now: liz@akywca.org.nz. Detailed
information for employers and employees is available on the Inland
Revenue website.