Giving Payroll Giving - The Xtra Factor
It is 24 years since Payroll Giving was introduced to employees as a tax effective way to give from pay, and this service has not changed until NOW!!!
When employees sign up to Payroll Giving they also get the option to sign up to The Xtra Factor, this could raise thousands more in tax effective donations!
Charities Trust is the only Payroll Giving Agency that allows you to automatically beat the negative effects that inflation has on their donations. The Xtra Factor allows your employer to set a percentage that their Payroll Giving donations increase by each year helping to keep the real value of your donations the same.
This unique Charities Trust service provides:
- Automatic uplift which can be set to match the level of inflation.
- You can opt in or opt out of The Xtra Factor at any time.
- Reports are produced by Charities Trust and passed to your Payroll Department for action, meaning minimal work is required by employers.
- The annual percentage increase is agreed in advance.
- Flexible timing to fit with your requirements as an employer.
“We’re delighted to be the first company to implement The Xtra Factor. Payroll Giving is hugely popular in our organisation with employees regularly giving through Payroll to their favourite charitable causes.
The Xtra Factor now gives employees the opportunity to increase their donations by a small percentage each year and with Charities Trust producing the report for our Payroll Department, it is easy and simple, and importantly ensures charitable donations keep up with the cost of living”.
Ceri Richards
Community Affairs Manager
Home Retail Group
To find out how you can give your employees the option to donate Xtra
contact the Donor Support Line on 0151 286 5129
