Charity Features

If you regularly give to charities or think that you ought to give, but haven't quite got around to it then the news is very good, on 6 April 2000 new regulations came into force which makes the UK the best place in the world for making charitable donations.

The Chancellor reorganised the tax relief given on donations in a radical and generous initiative. Money that you contribute will grow by virtue of the tax benefits. If you regularly give to charities or think that you ought to give, but haven't quite got around to it then the news is very good:

Send a cheque or PO together with a signed declaration to your charity that can recover your tax at the basic rate and add it to your contribution.

Open a Charity Card Account and you can make donations whenever you feel like it by 'phone, post or online and tax will be recovered at the basic rate and be added to your account.

 Give As You Earn (if you are employed) enables you to contribute automatically before tax, and then the Government adds a further 10%.

 Leave a legacy in your will and smile because it will be free of Inheritance Tax.

 Create your own Charitable trust and if you can set aside a considerable sum of money, the taxman will add more.

 Alternatively, why not give stocks and shares and you may receive capital gains and personal tax relief on those gifts, whether you want to give just a few or are wealthy and wish to support charitable institutions or universities, (tax relief on the latter can be very significant).

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