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Rathbones back 'Give it back George' campaign

Rathbones back 'Give it back George' campaign

26 April 2012

The 2012 Budget proposed a cap on personal tax relief on charitable giving which would apply when relief is more than £50,000 or 25% of personal income, which ever is greater. Given that 8% of donors give almost half of all charitable donations per year, the cap could cause a major cut to charity sector income, while charities are still expected to fill the gaps left by  public service cuts.

Established by a range of sector bodies, the Give it back George campaign aims to unite the voices of those affected, in hope to persuade the Chancellor to reverse his decision. As a provider of investment services to the charitable sector, we appreciate how this could impact the charities that we work alongside and are actively backing the campaign.

So far our head of charities, Ivo Clifton, has written a public letter to the Chancellor directly asking him to reconsider the restriction. Ivo has also written to The Times and his letter was published on 20 April 2012.

Join the campaign or follow the debate on Twitter #giveitbackgeorge.

 

Rathbone Investment Management - Give it Back George Campaign

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.