EASY AND TAX EFFICIENT
Payroll-giving is an easy way to encourage a strong culture of giving and generosity through regular contributions from employees.
It is quick, easy and provides benefits both to employers and employees.
Internationally recognised
Millions of people all over the world give via payroll giving, providing regular, timely contributions to thousands of causes and charities. In NZ, payroll giving has operated for more than 40 years and has the support of Coca Cola, Lion Nathan, Sealed Air and United Airlines, among many others.
Immediate Tax Relief
Since the introduction of changes to legislation (effective 10 Jan 2010), donations made via payroll giving may qualify for immediate tax relief, meaning donations made by employees are deducted from an employee's pay before tax.
Or to put it more technically (Source IRD) .. "Payroll giving is a scheme available to employers who file their EMS(IR348) and EDF(IR345) electronically using ir-File. Where offered the scheme gives employees the opportunity to donate to approved donee organisations of their choice direct from their pay and receive an immediate tax credit for payroll donations."
How does it work?
What are the benefits?
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