Payroll giving + investment fund = win win win
Coupling IRD’s Payroll Giving scheme with a philanthropic investment fund has been a ‘win win win’ for a Waikato engineering firm, its employees and the social service providers they’ve supported.
Longveld started up its fund in 2019 at Momentum Waikato, their local community foundation, and ever since has dollar-for-dollar matched their team’s donations towards it.
Payroll Giving takes the agreed donations out of pay packets in the same manner as income tax or student loan repayments, with the tax on the donation being able to be claimed back at tax return time.
Once a year the team votes on where to grant a portion of the fund’s income, which Managing Director Pam Roa describes as “a fun process”.
“Our payroll giving and funding vote brings together our support team and our trade crew for a common purpose unrelated to work,” says Pam.
Longveld fabricated Ngaa Pou Karohirohi (pictured) on Hamilton’s city river jetty, a project led by artist Eugene Kara, Ngaati Korokii Kahukura, in collaboration with local hapuu representatives.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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60.1% Yes, supporting people is important!
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25.7% No, individuals should take responsibility
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14.3% ... It is complicated
Wild weather in the Waikato
The Waikato really copped it over the weekend, with wild weather leaving a hefty clean-up bill that may run into the millions.
While things are looking calmer in the days ahead, there are still plenty of slips and flooded roads across the district — so if you’re heading out, take it easy and stay alert.
We want to know: How did you and your whānau get on over the weekend?
Want to see what recovery will look like from here? The Waikato Times has the latest.
Ready to make the most of retirement?
From hobbies to adventures, there’s so much to enjoy!
- Explore new hobbies like gardening or painting
- Stay active with walking groups or cycling trails
- Learn something new with online courses or local classes
- Give back through volunteering or mentoring
Read the full article and take our fun quiz to find out which activities suit your personality best below!
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