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crashmonitor

Charitys' Pension Black Hole

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Old link (27th June 2013), but the best I could find...it has been again in the news this week and covered by the Today programme.

One thing you don't want is your money to cover pension shortfalls be it when you pay your council tax or when you donate to charity, because these gold plated schemes should be covered by employer and employee contributions. Nobody gets a bailout when you fund your own private pension.

I gather charities have been burying their heads in the sands public sector-style rather than getting it sorted as the private sector did ten years ago.

http://www.telegraph.co.uk/finance/personalfinance/pensions/10143703/Charities-may-use-public-donations-to-plug-pension-black-holes.html

Edited by crashmonitor

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If you ever want to donate to charity take toys the children's home, even just give money directly to a homeless person. I would never give money to a organised charity with out doing a lot of research to find out where my money was actually going.

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Old link (27th June 2013), but the best I could find...it has been again in the news this week and covered by the Today programme.

One thing you don't want is your money to cover pension shortfalls be it when you pay your council tax or when you donate to charity, because these gold plated schemes should be covered by employer and employee contributions. Nobody gets a bailout when you fund your own private pension.

I gather charities have been burying their heads in the sands public sector-style rather than getting it sorted as the private sector did ten years ago.

http://www.telegraph.co.uk/finance/personalfinance/pensions/10143703/Charities-may-use-public-donations-to-plug-pension-black-holes.html

This is why I never dotate to these "charities", they are nothing more than businesses filling their pockets at the expense of those they allegedly help

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If you ever want to donate to charity take toys the children's home, even just give money directly to a homeless person. I would never give money to a organised charity with out doing a lot of research to find out where my money was actually going.

Ah are we talking Barnardo's here...in 2010 it was reported they had the highest deficit at 141 million. So help for children (might )become help the aged.

http://www.theguardian.com/uk/2010/feb/15/charities-face-pensions-crisis

Edited by crashmonitor

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