Introduction
Payroll Giving is a way of making
donations to charity by deduction at source from your stipend.
Deductions are made from gross
income, so you receive tax relief at source. (If you wish, you can
donate the tax relief as well by 'grossing up' the amount of your
donation). Other methods of giving are from net income, so the
charity has to claim tax relief subsequently. Payroll Giving
involves less paperwork for the donor than other methods.
How it works
You must give a regular amount each
month. If you wish, you can divide this between several specified
charities and/or a Personal Account. Once we have received your
instruction we deduct your donation from your stipend at the end of
each month and pass the donation to one of two payroll giving
agencies.
The recipients of the donation must
be registered or statutory charities (this includes PCCs). The
payroll giving agency will check the validity of each charity.
To make donations simple complete
and return our application form. You can subsequently change your
instructions by completing a further application and this will
replace all previous instructions.
A choice of two Payroll Giving Agencies
Stewardship is a
registered charity formed by the merger of Stewardship Services and
Sovereign Giving, an Evangelical Trust established in 1960 with a
vision to provide tax-effective giving service to churches and
Christian donors. Stewardship will deduct 2.5% of the donation as
an administration fee.
Charities Aid Foundation
(CAF) is an independent body formed in 1924 to
distribute money for charitable purposes and to promote charitable
giving. CAF will deduct 4% (minimum 25p) of the donation as an
administration fee.
When does the agency forward my donation?
Agencies are required by law to
forward donations within 60 days of receipt.
Further information
Payroll Services (Clergy Team)
Church House, Great Smith Street, London SW1P 3AZ
E-mail: payroll.giving@churchofengland.org
(Last updated: August 2011)