Deakin University has Deductible Gift Recipient (DGR) status so all donations to Deakin are eligible for 100 per cent tax deduction. The nominated charities are also registered DGRs and all donations over $2 per annum are tax deductible.
A donation which is made pre-tax is deducted from the employees gross fortnightly salary and tax will be automatically adjusted in accordance with the ATO PAYG Withholding Tax Tables. The employee will receive the tax deduction immediately.
A post-tax donation is deducted from the net fortnightly salary. The tax deduction is claimed at the end of financial year when completing an annual tax return.
No. At the end of the financial year your payment summary will show the total amount you donated to the Deakin University Workplace Giving Program for the year.
Everyone who donates through a workplace giving program must claim the total amount of donations in their tax return. You must do this regardless of whether you have been getting pay day tax benefits for your donations. Your employer will let you know how much you have donated over the year in some written form or it will be printed on your Payment Summary (Group Certificate).
This advice is provided as general guidance only. Should you require further assistance, it is recommended that you seek out independent personal taxation advice, or go to www.ato.gov.au for further information.
A staff survey, distributed in December 2007, outlined the University's preferred areas of interest and community partners, with survey responses endorsing the recommended projects as recipients of philanthropic support through the Deakin University Workplace Giving Program.
100 per cent of your gift will be transferred directly to the program or charity you choose to support. The University takes no administration fees from the Workplace Giving Program.
You may consider a regular fortnightly donation over $5.00 or a one-off donation at any time of the year. For example, you may choose to have part of your annual bonus deducted from your salary.
You can, and you are encouraged to do so! However for tax-compliance and logistical reasons, the University can only offer payroll deductions for a limited number of dedicated funds through the Deakin University Workplace Giving Program.
To discuss other giving options or for more details about Click, Deakin’s Workplace Giving program contact us.