What is payroll giving?
Payroll giving is easy, affordable and tax effective. Your donation is deducted from your fortnightly pay using your pre-tax salary. For example, a ten dollar pre-tax donation costs only $7 after the automatic tax deduction, assuming the employee is on the marginal tax rate of 30%. The full $10 goes into your designated fund. Payroll deduction eliminates the needs to collect receipts (your payment summary and payslip record your receipt), which helps us reduce costs. You can upgrade, change or stop your payroll deduction at any time, simply by letting us know in writing by email development@qut.edu.au or via internal mail to Development Office, Level 4, O Block Podium, Gardens Point Campus.
