ABC Money
Home

£250,000 lottery donation for voluntary advisers to help pensioners

National Lottery ticket operator Camelot announced that ticket sales were up and running for the second year in a row. And there was good news on the pension front as well, with the announcement that pensioners on low incomes would benefit from a £250,000 lottery donation.

Published :
Tue, 24 May 2005 13:25
By : James Rowe
Print this Story


AddThis Social Bookmark Button

There was good news on the pension front as well, with the announcement that pensioners on low incomes would benefit from a £250,000 national lottery donation.

This donation was won by a small charity, which revealed that it wanted to set up a national network of voluntary advisers who would oversee the tax affairs of pensioners on low incomes. Charity Tax Volunteers said that this £254,205 would help older people who were confused when dealing with the taxman as well as filing returns since tricky questions on the forms tended to be beyond their comprehension. The charity is presently base in a small office in Bridport, Dorset.

William Norris, chairman of the trustees, welcomed the lottery donation move and said, "Some people are frightened and intimidated by the Revenue and would prefer to deal with someone independent."

However, George Osborne, the shadow chancellor, was less than impressed, "Helping people to fill in Gordon Brown's tax return is not what most would call a good cause. The tax system is too complex and intrusive. It is time Mr. Brown took steps to make the system simpler and fairer," he commented. Liberal Democrat spokesman Norman Lamb, echoed his views, "This lottery donation highlights that the tax system has become ludicrously over-complicated. Making a donation like this is perverse. It is the system that should change," he said.

Opposition MP's were equivocal in their criticism of this move and commented that the need for lottery donations to groups that duplicated the work carried out by Revenue & Customs was a reflection of complex tax procedures.

Meanwhile, lottery vendor Camelot said that its returns were up by 4.6%, to £1.3bn. Sales through the Internet, mobile phone text messages and interactive TV have boomed in the past 12 months. The Play by Text service, which was launched last October, is especially popular among the younger generation. It allows players to buy a ticket for Lotto, EuroMillions, Thunderball and Daily Play by sending a text message via mobile phone.

Dianne Thompson, the chief executive of Camelot, commented, "Camelot runs one of the most cost-efficient and successful lotteries in the world, and we have achieved this through constant innovation. It is our proven ability to embrace change that will serve us best as we work on our bid for a third license." Camelot also announced that it would bid for its third Lottery license in 2006-07. This license would only be effective after its current one expires in January 2009.

Ms Thompson added, "Our strategy for the coming year will continue to focus on innovation by further developing our portfolio of games and extending the reach of The National Lottery through new channels of distribution."


Share on



Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
7997.28
-427.47 ( -5.08 %)
NASDAQ
1386.42
-96.85 ( -6.55 %)
FTSE 100
3924.00
-81.68 ( -2.04 %)

SYMBOL ( 2007-09-26 )
LAST
CHANGE
NORTHERN ROCK ( 11:35am )
182.00
+19.04 ( 11.20 %)
ASTRAZENECA ( 3:26am )
2515.00
+14.00 ( 0.58 %)
SCOTTISH & NEWCASTLE ( 11:35am )
632.50
+7.50 ( 1.20 %)
HANSON ( 12:41pm )
1099.00
+3.00 ( 0.27 %)
NATIONAL GRID ( 3:26am )
693.00
+3.00 ( 0.45 %)

SYMBOL ( 2008-11-19 )
LAST
CHANGE
GENERAL MOTORS ( 4:02pm )
2.79
-0.30 ( -10.07 %)
AMERICAN INTERNATIONAL GROUP INC ( 4:03pm )
1.56
-0.39 ( -21.08 %)
ALTRIA GROUP INC ( 4:04pm )
16.50
-0.46 ( -2.73 %)
HEWLETT PACKARD CO ( 4:00pm )
33.03
-0.56 ( -1.69 %)
INTEL CP ( 4:00pm )
12.49
-0.62 ( -4.75 %)

SYMBOL ( 2008-11-19 )
LAST
CHANGE
ISRAMCO INC ( 10:35am )
42.00
+7.00 ( 20.00 %)
DAILY JOURNAL CP ( 9:30am )
40.93
+4.93 ( 12.04 %)
NOVATEL INC ( 3:26pm )
38.80
+2.76 ( 7.65 %)
VERTICALNET INC ( 1:22pm )
7.10
+2.14 ( 40.76 %)
QCR HOLDINGS INC ( 3:57pm )
13.44
+1.88 ( 15.95 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.