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

Liam Black: focus on funders can make you lose sight of beneficiaries

26 Nov 2014

Charities and social enterprises can become so focused on pleasing funders that they lose sight of beneficiaries,...

Understanding Charities Group launches to improve public trust in the sector

25 Nov 2014

A cross-sector alliance of charities has formally launched the Understanding Charities Group, aimed at...

Alzheimer’s Society income up £12m

24 Nov 2014

The Alzheimer’s Society has seen its income increase by 17 per cent, from £70.8m in 2013 to £82.6m...

Understanding Charities Group launches to improve public trust in the sector

25 Nov 2014

A cross-sector alliance of charities has formally launched the Understanding Charities Group, aimed at...

Commission launches consultation on updated guidance for trustees

25 Nov 2014

The Charity Commission has today launched a consultation on updated guidance on the basics of trusteeship...

Marie Curie drops the words 'Cancer Care' from name

25 Nov 2014

Marie Curie has dropped the words ‘Cancer Care’ from its name in the lead-up to a rebrand of the care...

JustGiving launches free guide to raising money using social media

25 Nov 2014

JustGiving and social media consultancy Social Misfits Media have launched a guide to how charities and...

OSCR launches new website

20 Nov 2014

The Office of the Scottish Charity Regulator has launched a new website which includes a new search function.

Data from controversial Samaritans app to be deleted

17 Nov 2014

Samaritans has promised that all data collected by its Twitter monitoring app will be deleted and the...

Join the discussion

Twitter button

@CSFundraising