Payroll Giving – what is it?
Payroll Giving enables employees to donate money to registered non-profit organisations through their company’s payroll. This initiative provides tax and administrative benefits for employees while giving them the opportunity to “make a difference” to a charity of their choice by donating directly from their pay.
Benefits to REACH Child Cancer through your pay
Research, Education & Awareness of Child Cancer & Hematology (REACH Child Cancer) is an approved IRD “Donee” charity which means you can donate directly from your pay. By making a regular donation you are helping to raise much needed funds for the ctDNA project which will improve treatments, get new trials and improve survival rates for the youngest cancer patients in New Zealand.
Benefits for employees
Payroll Giving makes donations to REACH Child Cancer easy and eliminates the need to hold onto receipts each year and make rebate claims. Speak to your Payroll Officer about making a charitable donation to Research, Education & Awareness of Child Cancer & Hematology (REACH Child Cancer).
Your employer will calculate your donation and take it out of your wages before they pay you. They'll also calculate your tax credit (33.33 cents for each dollar you donate) and take this amount off your PAYE for that pay. They then forward the donation to REACH Child Cancer.
Benefits for employers
Payroll Giving is a low cost and simple way to support employees who make donations to their charity of choice, which can be of mutual benefit to both employers and employees by giving back to the community.
If you or your employees wish to donate to Research, Education & Awareness of Child Cancer & Hematology (REACH Child Cancer) via Payroll Giving please email email@example.com to get our bank account details and reference requirements.