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KembaraXtra – Legal Terms – Payroll Deduction Scheme
A payroll deduction scheme is an arrangement allowing employees to donate part of their salary directly to charity through deductions made by the employer.
The donation is deducted before income tax is calculated.
This arrangement provides tax relief for charitable contributions.
Employers transfer the deducted amount to approved charitable organizations on behalf of employees.
The scheme is governed by provisions such as the Finance Act 2000.
A payroll deduction scheme is an arrangement allowing employees to donate part of their salary directly to charity through deductions made by the employer.
The donation is deducted before income tax is calculated.
This arrangement provides tax relief for charitable contributions.
Employers transfer the deducted amount to approved charitable organizations on behalf of employees.
The scheme is governed by provisions such as the Finance Act 2000.
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