The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Call for more employers to offer Payroll Giving to staff 6 October 2016
Top UK business leaders join forces in a new campaign which aims to double Payroll Giving donations annually.
BT Chairman Sir Michael Rake has launched a new phase of the national Geared for Giving Campaign that is calling for every employer in the UK with over 250 employees to offer Payroll Giving to their staff. The campaign aims to double the amount raised by Payroll Giving for charities to £260m annually, by increasing the number of employees giving through pay from one million, to two million within the next five years. Currently just 23% of the UK’s largest employers offer Payroll Giving. Donations made through Payroll Giving are tax free, making it an easy way to support a charity of your choice and your money goes further to help good causes. Donations are taken each month from an employee’s salary before tax; if you are a basic rate tax payer and donate £10 a month, the charity will receive £12.50 and the more tax you pay, the more they will benefit. A higher rate tax payer donating £10 a month will see their charity receive an impressive £16.67. By increasing the number of employers signing up to the scheme, Geared for Giving hopes to make giving to charity through your pay a social norm in the UK, creating a vital steady income for charities while enabling people to easily support the charities and causes close to their hearts. The campaign is funded by a group of the UK’s biggest employers, including ASOS, BT, Beaverbrooks, Experian, Linklaters LLP and The Entertainer . The heads of these companies are encouraging a culture of generosity by calling for every employer across the nation to follow their lead and offer Payroll Giving to their staff. If you regularly give to charity, you can make more of a difference by giving through Payroll Giving as it is tax free, for example: If you are a 20% tax payer and give £10 a month through Payroll Giving, your chosen charity will receive £12.50. If you are a higher rate tax payer (40%) you’ll see your money going even further. By donating £10 a month via pay, your chosen charity will receive £16.67. Charities chosen by additional rate tax payers (45%) will receive a huge 81% on top of their donation. Giving £10 a month via pay means the charity will receive £18.18. Watch this short video to learn more
Read what the involved business leaders have to say about Payroll Giving in the full press release .
Back to Contents
Public sector exit payments – action required by employers 17 October 2016
Following the consultation response government expects departments to begin work to produce proposals for reform for each workforce by the end of 2016.
The stated aim of the government’s consultation response is to make public sector exit terms fairer, more modern and more consistent.
The major workforces covered by existing statutory compensation schemes and other contractual exit arrangements are expected to begin reforms immediately, informed by the details below. These are the: Civil Service , NHS , Local Government , Teachers , Police , Firefighters and (taking account of the unique nature of the occupation) Armed Forces .
Chapter 5 of the consultation response outlines the ‘ Process and timeline for reform’ :
5.1 Consistent with the government’s view that it remains appropriate for the detail of exit arrangements to be negotiated at workforce level, departments responsible for the workforces will take forward the detailed design and
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 391 of 588
Made with FlippingBook - Online magazine maker