CharitaxPlus offers tax-effective giving opportunity to high net-worth individuals
Howard Lake | 31 July 2002 | News
Charities Aid Foundation (CAF) and Ward Consultancy PLC have announced CharitaxPlus to help individuals and companies give tax-effectively to charities of thier choice.
CharitaxPlus enables a company or individual to give to the
charities of their choice by forming their own, personalised charitable trust fund.
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Even now, after the improvements in tax-efficient giving introduced by the government in April 2000, only one
in four donors makes their donations tax-efficiently.
The trust fund itself, set up in the name of the donor’s choosing, can be completed in a matter of hours with immediate Inland Revenue clearance. Donations can be made in cash, shares or other assets as agreed, to take full advantage of the income tax, capital gains tax and Inheritance tax reliefs available.
CharitaxPlus is aimed only at high net-worth individuals who are looking to donate £50,000 upwards. It is included by Ward Consultancy as part of a client’s financial review.
The Trustees of CAF will invest all donations with major investment management companies, and the interest or capital sum can be distributed as and when the donor wishes
to the causes of their choosing.
Jenny Byers, Executive Director of Donor Services, CAF said, “The development of CharitaxPlus has been a great example of a financial services company working with us in partnership to stimulate the take-up of an innovative product for the benefit of the UK planned giving marketplace.”
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.