Payroll Giving Week (8-14 Feb)


February 09, 2021

COVID-19 has affected our lives in so many ways and has hit many industries really hard, so as we commence Payroll Giving week, we would also like to think of those who have been furloughed or for those who have lost their jobs during these very challenging and stressful times.

As a small charity, we are always looking at finding new ways of raising money so that we can provide hope for our impoverished mothers and their children and this week sees the launch across the Charity sector of the FIRST EVER Payroll Giving Week also known as Give As You Earn (GAYE)
 

What does Payroll Giving mean?
You donate straight from your pay before tax Donations are taken before tax, which means The Sreepur Village gets more of your donation and it costs you less. It also means that charities don’t have to claim Gift Aid, so there’s less admin for them – and they can get on with supporting their beneficiaries. You can give to any organisation recognised as charitable by HMRC.

How is Give as You Earn tax-effective? How Is It Calculated?
If you are a 20% taxpayer, 80% of your donation amount will be taken from your salary and 20% will be taken from the tax which would have gone to HMRC.
A £20 donation will cost you £16 - but the charity will still receive £20 because the £4 which would have otherwise gone to the tax man goes to the charity. Please note: these calculations are made at 2013/14 tax and National Insurance contribution rates and based on standard assumptions on tax breakdown. There are many other possible variables which have not been considered here.

If you would like to find out more about Payroll Giving, then please click here

We really do appreciate the many many ways in which our supporters help keep our mothers and children safe, out of poverty and empowered with the tools for a brighter future.

So thank you, it means the world to our families living in The Sreepur Village.


Leave a comment


Also in News

Transforming Kulsum's Life.
Transforming Kulsum's Life.

January 30, 2024

 

When life took a difficult turn with her husband falling ill and struggling to support the family, Kulsum faced challenges that seemed insurmountable. Despite seeking help from her family, the situation remained incredibly tough. However, the introduction to Sreepur Village and the assistance provided by the organisation marked a turning point in Kulsum's life.

Read More

Durga Puja 2023 - Annual Hindu Festival
Durga Puja 2023 - Annual Hindu Festival

November 02, 2023

Read More

Lia's Inspiring Journey: From Adversity to Triumph
Lia's Inspiring Journey: From Adversity to Triumph

September 26, 2023 1 Comment

Life can sometimes throw unimaginable challenges at us, but it's the human spirit's resilience and determination that can lead to remarkable stories of triumph.

Lia's life is a testament to this spirit, marked by adversity, courage, and ultimate success. Lia's story draws parallels to other stories of perseverance, and highlights the crucial role of organisations like Sreepur Village in transforming lives.

Read More