Payroll Giving is a convenient and simple way to support Youth Quest. It enables you to make a regular donation to Youth Quest directly from your pre-tax pay. This means that you receive an immediate tax benefit.
Payroll Giving also eliminates the need to collect receipts and wait until the end of the tax year to claim the tax benefit for your donations.
How does it work?
Payroll Giving takes your regular donation to Youth Quest directly from your pre-tax pay, via your organisation’s payroll system.
You receive immediate tax credits that reduce PAYE amounts payable.
Tax credits are calculated at 33.33 cents for each dollar donated.
Example
| With donation | Without | ||
| Income | $2140.00 | $2140.00 | |
| Less | PAYE | $435.48 | $435.48 |
| Less | Donation | $30.00 | $0.00 |
| Plus | Tax Credit for Payroll Donation | $9.99 | $0.00 |
| Take Home Pay | $1684.51 | $1704.52 |
Why choose Youth Quest?
Youth Quest helps up to 100 young people per annum through our wide range of programmes.
What happens to your donation?
Donations ensure the ongoing work of Youth Quest programmes. So it is a quick and painless way of giving. If you want more information check out www.payrollgivinginfo.org.nz
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