Payroll giving


Payroll giving is a simple, effective and voluntary scheme which allows employees to make donations directly from their pay and is an easy way to support a good cause such as the Asthma Foundation.  Employees receive an immediate tax credit for their donations instead of having to retain their receipts and wait until the end of the tax year to claim.  For employers that offer it, payroll giving involves little administration work.

Payroll giving provides employees with the opportunity to donate to approved donee organisations (the Asthma Foundation is an approved donee organisation). 

For every dollar donated you receive a third back as a tax credit in the same pay period.
Tax credits for payroll donations are calculated at 33.33 cents for each dollar donated, which is deducted from your PAYE. This means that if you give $10 you will only be contributing $6.67 from your net pay, with the remainder coming from the tax that you would otherwise pay.

To set this up and give regularly to the Asthma Foundation there are two simple steps:

 

  • ask your employer if they are offering payroll giving (which is voluntary for employers as well as employees). If they are check that they are happy for you to donate to the Asthma Foundation
  • print and complete a copy of the Payroll Giving Request Form to give to your employer.

Ongoing gifts through payroll giving are invaluable as they assist us with our long term planning.

For further information look at [Inland Revenue/Payroll Giving] or call Julie McMeeken at the Asthma Foundation on (04) 499 4592.