Tax Free giving to Charities Trust

single_lonely

You can give £10 for £8 of your money (its tax free)!

Have just been reading this:

http://www.charitiestrust.org/content/freedom_account/index.html

Freedom Account - flexible giving

Im interested in the Freedom Account - Charity Cheque Book as i can choose who to pay.

Question is has anyone used it.
Just wondering if you pay by cheque, then the charity sends it to the CT isnt it wasting time and money posting and someones time?

isnt it better just to give anomalously online?

has anyone used this to give to a church or mosque or can bigissue sellers take them???
(the people i work for provide it through payroll, your should too, if not ask why not)

thenudeone

I use the Charities Aid Foundation version https://www.cafonline.org/

Benefits of these accounts are:
- you can give anonymously (you can't online)
- it reduces the number of donations you need to keep track of to put on your tax return
- They can be used to manage your taxable income. eg: if you get a one-off bonus that just takes you into higher rate tax territory, you can put the excess into a CAF account and donate it whenever you like)
- Parents can give their kids an "allowance" to donate to whichever charity the child wants
- you can give to collectors in the street, door to door, or at work and still get tax relief; as well as donating online or on the phone

The charges are not huge and are outweighed by the tax relief that probably wouldn't have been reclaimed if giving by cash.

Any charity (or organisation accepted as charitable by hmrc), including churches, can accept them. Purchase of a Big Issue magazine is not strictly charitable so wouldn't count.

FredWhispers

You can indeed give £10 for £8 of your money. Its still costing me £8 though!!!

Am I the only person getting sick of people asking for charitable donations? In the street, in the office, at the door, through the post, on the net etc etc.

Enough is enough!! I am having a year off from 'good causes'.

Fred