UK income tax payers can make regular donations through the Payroll Giving Scheme. You make your donations straight from your gross (pre tax) pay so there is no need for the BYCT to physically claim the tax back from HM Revenue & Customs; this saves the Trust time and money in administration. Furthermore, if you are a higher rate taxpayer, Payroll Giving is the ONLY way that the Trust can automatically receive all your tax on your charitable donation.
This means that every £5 gross per month you donate will cost you £4 if you are a standard rate tax payer or £3 if you are a higher rate tax payer.
The process is very straightforward. Simply complete a Payroll Giving form which is available from your payroll department, identifying Bucks Youth Cricket Trust (no. 1109636) as your chosen charity. Your payroll department will send your donations to their appointed Payroll Giving Agency. The Agencies are regulated by HMRC and although they are themselves charities they do make a small charge to cover their operating costs. Some employers will pay this fee themselves so BYCT will receive the full amount of the donation. Where the administration fee is not paid by your employer, the Payroll Giving Agency will deduct it from your donation before passing it on to the Trust. The administration charge will vary depending on which Payroll Giving Agency your employer uses. It will be either 25p per month or 3% or 4%. Your donation will be shown as a deduction on your payslip.
You can stop your donation whenever you wish, simply by notifying your payroll department. If you leave employment, Payroll Giving will automatically stop and it is up to you to contact your payroll department at your next employer to start giving through the scheme again.
For further information on payroll giving, go to: http://www.payrollgiving.co.uk