Support for retirees giving to charity must be improved

29 April 2015

The next government should  help make it easier for people to give to the causes they care about as they enter retirement, the Charities Aid Foundation has urged.

Responding to HSBC’s Future of Retirement report showing a growing trend for people to redistribute savings during their lifetime, CAF has called for recommendations set out in the Growing Giving Parliamentary Inquiry to be implemented in the next Parliament.

CAF Chief Executive John Low said:
“The baby boom generation have got a unique opportunity to use their wealth and good health to make a huge difference to the causes they care about.

“Whether it’s through spending time volunteering or donating savings to a charity, it is clear that there is a real appetite among our older generation to give something back to society

“With ever-rising numbers of people reaching retirement age we need to ensure that people are given all the advice and support they need about the many different ways in which they can help the vital work of charities.

“During this General Election campaign we have heard far too little from all of the political parties about how they will embrace and support the huge role charities play in people’s lives.

“The next government should commit to helping people support good causes by unleashing the generosity and giving potential of people of all ages.”

CAF, which supports individuals and businesses in giving to charity and provides financial services to the third sector, held a Parliamentary Inquiry in 2013/14 on narrowing the generation gap in giving. The inquiry was chaired by former Cabinet Minister Rt Hon David Blunkett MP and reported back last year.

Its recommendations, which CAF is urging the next government to implement, include:

  • Creation of a Post-Careers Advice Service to give older people information about how they can use their skills to volunteer and support charities, emphasising the benefits derived from volunteering and opportunities to get involved in the local community.
  • Information and advice about charitable giving offered when an individual is given advice about their pension, giving those moving into retirement information about the different ways that they can give.
  • Emphasis on will makers to inform clients that they are able to use their will to leave a legacy to a charity.
  • Introduction of living legacies to provide people with a tax effective of giving to charity whilst they are still alive.

Media contacts

For more information please contact a member of our media team.

Back to top