Article date: 17 July 2007
- Norwich Union celebrates a successful "payroll giving" sign-up campaign
Following a successful campaign there has been an increase of 32% of Norwich Union employees who are now registered in the "payroll giving" scheme, where donations are deducted from your payroll in a tax efficient manner each month.
The campaign across Norwich Union offices in the UK resulted in 413 new donors, supporting 500 charities, which takes the total number of employees involved from 1,287 to 1,700 employees- a 32% increase. Across the UK cash pledges worth £38,722 per year were made - and this will increase every year thanks to the 204 employees who signed up to the Xtra Factor, where donations are automatically increased each year by 3%.
Debbie Bullock, from Norwich Union CSR commented: "I'm delighted with the great increase in employees who are now registered in the payroll giving scheme. Norwich Union as a company aims to support the local community through both charitable and environmental activities, and it is encouraging to see that employees are also keen to get involved in this charitable giving."
Payroll giving donations are deducted before tax so each £1 you give will only cost 78p, and for higher rate tax payers it will only cost you 60p. The money that is collected from this scheme will be distributed amongst a number of charitable organisations.
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Notes to editors:
Norwich Union is the UK's largest insurer. It is a leading provider of life, pensions and investment products and one of the largest financial adviser (FA) providers. FAs provide over 70% of the company's long-term savings business in the UK.
Norwich Union is the UK's largest general insurer with a market share of around 14%, with a focus on insurance for individuals and small businesses.
Norwich Union's news releases and a selection of images are available from Aviva's internet press centre at www.aviva.com/media