Share

Lifetime legacies liked by PM, blocked by Chancellor

Lifetime legacies liked by PM, blocked by Chancellor
News

Lifetime legacies liked by PM, blocked by Chancellor

Fundraising | Celina Ribeiro | 4 May 2012

David Cameron is sold on the concept of lifetime legacies, but the Chancellor is opposed, Thomas Hughes-Hallett claimed yesterday.

The Marie Curie Cancer Care chief executive, who led the Philanthropy Review which called for lifetime legacies to be introduced into the UK, said that Number 10 liked lifetime legacies.

“The Prime Minister definitely bought into it and he was definitely blocked by the Chancellor,” said Hughes-Hallett.

Updating the audience at the Philanthropy Programme symposium yesterday on the progress of the calls to action from the Philanthropy Review, Hughes-Hallett said that despite “hitting a wall” in discussing lifetime legacies with HMRC, he will not give up on lobbying for the giving mechanism to be introduced in the UK.

Lifetime legacies refers to a tax-effective giving mechanism, used in the US, which enables individuals to make a gift to charity - of shares, cash, artworks, property and the like – but still use it within their own lifetime.

Payroll giving 'still best way of donating'

Hughes-Hallett’s Philanthropy Review had also extolled the virtues of payroll giving, also big in the US, which he said yesterday remains “the best possible way of giving”.

Hughes-Hallett along with the sector had been expecting the Cabinet Office to order a review of payroll giving in the UK last year, as , but no review has yet been ordered.

One problem with the payroll giving system, he said, is that the agencies involved are expensive. He added the likes of JustGiving and Virgin Money Giving should take on payroll giving, simplify it, move it online and enable employees to give to whichever charity they please.

On the subject of introducing charity accounts into high street banks, Hughes-Hallett said: “Progress is depressing.”

“It’s not [banks'] top priority because they can’t make money out of it,” he said. If and when they do become more widespread, as called for in the Philanthropy Review, it’s unlikely that these accounts will look like a CAF account but rather just be a separate bank account into which users can siphon money for giving away.

Cameron will return to Big Society

While convinced that the Conservatives also did not understand what they meant by ‘Big Society’ when going into the 2010 election, Hughes-Hallett said that the concept has now become clearer. It will be one of the key things upon which the premiership of David Cameron will be judged, he said.

While health reforms will stick to Health Secretary Andrew Lansley, Chancellor George Osborne will be held to account for the economy, and the Rupert Murdoch and News International issue will stick to Culture Secretary Jeremy Hunt, the achievement or progress of the Big Society will be laid at the feet of David Cameron.

“David Cameron will have to come back to the Big Society [at the next election],” said Hughes-Hallett.

This, he said, will be a good thing for civil society. 

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

2014 London Marathon on track to beat the £53m raised last year

18 Apr 2014

The 2014 London Marathon is on track to raise more than £53m for good causes and break the Guinness World...

No evidence of criminality at Tower Hamlets, say police

17 Apr 2014

The Metropolitan Police has said that there is “no credible evidence of criminality” following an...

Donations double in one day following Marathon runner’s death

16 Apr 2014

The amount donated to the National Osteoporosis Society, the charity 42-year-old Robert Berry was running...

Paula Sussex to be the next Charity Commission chief executive

17 Apr 2014

Paula Sussex, senior vice president, public sector of CGI, has been appointed the new chief executive...

Impact of welfare reforms felt by 95 per cent of Yorkshire charities

17 Apr 2014

A report published today which looks at the impact of welfare reforms in the region of Yorkshire and Humber...

Trussell Trust sees use of its foodbanks 'almost triple' in a year

16 Apr 2014

The number of people using the Trussell Trust’s foodbanks rose from 347,000 to 913,000 in a single year,...

'Technology can offer charities more than just online donations'

10 Apr 2014

Charities are focusing too much on using digital tools for fundraising instead of how technology can be...

Amnesty calls for 'full and frank disclosure' on alleged US surveillance

9 Apr 2014

Amnesty International has warned that alleged mass surveillance by the American intelligence agency NSA...

Virgin Money Giving launches app following year of growth

1 Apr 2014

Virgin Money Giving has launched an app for users after reporting that 30 per cent of traffic to its platform...

Join the discussion

 Twitter button

@CSFinance