Saving for the future
Do you process payroll giving deductions? (charitable donations)
As life expectancy rises within the UK, saving for the future is on top of the checklist for employees.
With the potential for the state pension age to rise and as the cost of living continues to soar, this can have a domino effect on citizens staying in full-time work and many may have to wait longer for pensioner benefits.
43% Yes
Pensions and savings are more important than ever and with many changes on the horizon, this is a topic employers and organisations will be largely involved in.
7% No – but plan to implement
43% of the respondents process payroll giving deductions, similarly, last year 45.5% processed these. 50% don’t process payroll giving deductions, however 7% intend or plan to implement in the future.
The CIPP is committed to raising awareness of payroll giving and the positive impacts it can have on employees and a business.
50% No
25
Percentages have been rounded to the nearest whole number for clarity and in some instances may not total 100%
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