Payroll Giving enables employees to donate money to registered non-profit organisations through their company’s payroll. This initiative provides tax and administrative benefits for employees while giving them the opportunity to “make a difference” to a charity of their choice by donating directly from their pay.
KidsCan Charitable Trust is an approved IRD “Donee” charity which means you can donate directly from your pay. By making a regular donation you are helping to raise much needed funds for Kiwi kids living in hardship who are less fortunate than others.
Payroll Giving makes donations to KidsCan easy and eliminates the need to hold onto receipts each year and make rebate claims. Speak to your Payroll Officer about making a charitable donation to KidsCan. Your employer can deduct your donation from your pay which reduces your PAYE by the appropriate tax credit, and they then forward the donation to KidsCan Charitable Trust.
Giving a regular donation through your pay gives you the opportunity to regularly gift as much or as little as you like each time you are paid a salary or wage. You do not have to set up any automatic payments or direct debits through your credit card or bank account, your payroll will take care of this. You don’t have to wait until the end of the tax year to claim rebates as this is done instantly when you make a donation.
Some workplaces offer encouragement to their staff by matching donations dollar for dollar, so it might pay to ask!
Benefits for employers
Payroll Giving is a low cost and simple way to support employees who make donations to their charity of choice, which can be of mutual benefit to both employers and employees by giving back to the community. Visit the IRD's payroll giving page for more information.
If you or your employees wish to donate to KidsCan Charitable Trust via Payroll Giving please email info@kidscan.org.nz to get our bank account details and reference requirements.
You will not be given receipts for your payroll donations. Individual employees will not be issued with receipts as the tax credits for donations made as part of payroll giving will be immediate, in the form of reduced PAYE. Tax credits will not be eligible to be claimed again through the end of year tax credit claim form.