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.
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Fonterra cuts forecast milk forecast after a ninth straight global dairy trade auction dip
Fonterra has cut its forecast Farmgate Milk Price for the 2025/26 season after a ninth straight global dairy trade auction dip.
On Thursday, the Co-op adjusted the forecast range from $9-$10 per kilo of milk solids to $8.50 to $9.50 with the midpoint changing from $9.50 per to $9.
‘Huge potential’ for Te Rapa Racecourse site if sale goes ahead
If the races gallop off to Tamahere, “exciting things” could happen with the sizeable city site they leave behind, property experts say.
On Tuesday, the Waikato Times revealed Waikato Thoroughbred Racing’s (WTR) plans to buy 150ha of farmland south of Hamilton to house the region’s three racing clubs at a new purpose-built racecourse and event centre.
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