Make Your Money Work for Charity ; the Amount Raised for Charity has Plunged in the Recession. Jeremy Gates Urges Donors to Make the Most of Any Tax Breaks

Summary

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FOR most of the year, our money should work as efficiently as possible to build our savings. But Christmas is a good time to see how money can be used to benefit charities and good causes.

The finance website moneysuper market.com estimates that adults in Britain will raise pounds 9.9bn for charity in 2008-09 - about pounds 1.3bn down on 2007-08, largely because of the recession. But charity credit cards, savings accounts and online giving probably make it easier to direct money into good causes than ever before.

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Extract

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Make Your Money Work for Charity ; the Amount Raised for Charity has Plunged in the Recession. Jeremy Gates Urges Donors to Make the Most of Any Tax Breaks

The credit card from the British Heart Foundation offers a pounds 50 donation when the card is used for the first time, plus 35p per pounds 100 spent thereafter. Spending pounds 150 per month gives pounds 56.30 to charity in the year, without anybody feeling a thing.

The Cancer Research UK card makes a pounds 20 donation on first use, plus 0.25% of the value of purchases thereafter.

So far as building society accounts are concerned, it is interesting to see that wh...

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