Hard-pressed charities could be missing out on more than £940 million a year, as generous donors fail to claim tax relief on the money they give, new research* from Handelsbanken Wealth Management & Asset Management shows. Charity Commission** data shows 60% of organisations have suffered a drop in income during the pandemic. Handelsbanken Wealth Management & Asset Management’s nationwide study found 60% of charity supporters are not claiming tax relief on donations distinct from money given directly through their salary. Their donations are estimated to be worth around £4,7 billion…
Read MoreCharities ‘Miss Out On £940 Million’ Tax Relief
