Workplace giving enables employees to give directly to Cancer Council from their pre-tax pay. It's one of the simplest, most tax efficient and cost-effective ways to donate. Corporate organisations can engage and motivate staff by providing an integrated staff engagement program, including matching workplace giving funds donated by employees.
Benefits:
- increase staff morale
- increase staff retention
- promote visible interaction with the community
- promote a positive perception of your business, and
- support the choice of your employees.
Since donations come from pre-tax pay, the amount donated is inflated (see below):
|
If your gross salary is:
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$18,201 to $37,000
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$37,001 to $80,000
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$80,001 to $180,000
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$180,000+ |
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Your marginal tax rate is:
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19%
|
32.5%
|
37%
|
45% |
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You make a pre-tax donation of:
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$5.00
|
$5.00
|
$5.00
|
$5.00 |
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The amount deducted from your pay is:
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$4.05
|
$3.38
|
$3.15
|
$2.75 |
*For Australian residents. Marginal tax rates effective 1 July 2012. (Exlcudes Medicare levy.)