Tyve payroll giving makes it simple for employees to support causes they believe in. šEmployees donate to charity from pre-tax earnings (as a salary sacrifice), so tax benefits from the donation are captured immediately.Employees can give to any UK charity and can make changes at any time to their donation amount and selected charities. Companies receive quarterly impact reports, so they can trackāand celebrateātheir teamsā collective impact.Tyve is completely free to use. Ā£0/month for companies. 100% of donations go to charity. šš½
It is indeed!Tyve has all the core payroll giving functionality, of course, making it simple for employees to donate to charity from pre-tax earnings.But beyond that, Tyve offers:
š¤³š½
Individual employee giving accounts built on modern tech, like what your employees would expect from the latest consumer apps
ā”
Fast support (connect straight to a real person!)
š
Charity recommendations based on high-quality 3rd party research
š
A dedicated employee engagement program, ensuring that once Tyve is launched at a company it will actually be used (and valued) by your employees
š·ļø
An attractive pricing model: Tyve is completely free to use! Other payroll giving tools charge companies a monthly user fee or they charge employees a % of donation. Or both. We charge neither.
Here's a a table showing how Tyve compares to other payroll giving tools.
Without payroll giving, an employee who was giving to charity would first pay tax on their earnings and then donate the rest.
With payroll giving, both of these employees can give to charity from their pre-tax earnings, so the the full Ā£1 they have earned is available to donate. š„
In 2022, the average employee using Tyve saved Ā£37/month or Ā£447/year by making their charitable donations from pre-tax earnings*
Employees can give to any UK registered charity. Employees can search the Charities Commission database from within their Tyve account and can find anything from big global charities to smaller local charities.For employees who are looking for help finding effective charities, Tyve recommends 6 charities across causes like āSaving livesā and āTackling Climate Changeā.
Companies can (optionally) choose to match employee donations.Matching can be done in various ways. Companies can match a fixed amount (e.g. Ā£20 for every donation) or at a fixed ratio (e.g. Ā£1 matched for each Ā£1 donated by employees). Monthly caps on the total company match amount can be applied.Matching can be regular (every month) or as a one off (e.g. when Tyve launches).Changes to the matching amount and frequency can be made at any time.
Tyve is completely free to use. Ā£0/month for companies. 100% of donations go to charity.Weāre a privately funded non-profit. Weāre able to keep Tyve free by operating leanly, with a small team, and partnering with the Charities Trust to transfer donations to charities (more on that below).
Short answer: a bit for the Tyve team, but not much for you! šļøLonger answer: youāll need to fill in an onboarding form and agree T&Cs and then the Tyve team takes it from there. We help with everything from comms to announce the launch internally, to running a launch event to get employees excited about Tyve.More details on all of this can be found on our company onboarding page.
We put a lot of effort into getting Ā employees at every company we launch with excited about using Tyve. You can see more about how we do this on the company onboarding page, including a short āteaser trailerā for the interactive launch events that we run for employees.The outcome: the average company launching with Tyve sees 20%+ of their employees choosing to donate each month to charity. Several companies have launched Tyve and seen 40%+ of their employees donating each month!
Again, not much!Every month our system will send a CSV with deductions that need to be made from payroll for your employees' donations. Alongside this will be a statement asking you to transfer the total amount of your teamās donations in a single bulk payment. Simple.
You transfer your teamās donations straight to the Charities Trust, an HMRC approved Payroll Giving agency. Tyve then sends instructions to the Charities Trust on how donations should be split between charities, based on the individual charity allocations made by your employees.
We take data protection seriously. There are two key things to know:We are explicit and transparent about the data we collect. We limit data use to only what is necessary.Employees opt-in to share their salary and employee ID during sign up. Salary information is only requested for employees who are giving a % of earnings and is only used for the purpose of this calculation, and nothing else.We handle all data securely.Key points in the process to note:
Send us a email on info@tyve.org. Weād be delighted to hear from you!
