Skip to content
Search

Latest Stories

Submit Guest Post

Pope sends personal funds for Bangladesh, Haiti

Pope sends personal funds for Bangladesh, Haiti

POPE Francis has sent more than €350,000 (£299,558) in charity funds at his personal disposal to help with emergency relief in Haiti, Bangladesh and Vietnam, the Vatican said on Tuesday (24).

A statement said €200,000 (£17,1176) was going to Haiti to help in the aftermath of the August 14 earthquake that killed more than 2,000 people.


About €70,000 (£59,911) was sent to Bangladesh for continuing recovery assistance from Cyclone Yaas, which left tens of thousands of people homeless last May, and about €100,000 (£85,588) to Vietnam, where food supplies have been hit by the Covid-19 pandemic.

The Vatican said the sums were initial contributions and would be administered through its embassies in the countries.

Much of the charity money at the pope's personal disposal comes from Peter's Pence, a fund to which Catholics can contribute for general or specific causes.

The fund amounted to €50 million (£42m) in 2020, according to a consolidated financial statement issued last month.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Pension

Bereaved families are waiting for Civil Service Pension Scheme payments as delays raise concerns over a two-year tax deadline

iStock

Civil service pension backlog puts bereaved families at risk of ‘death tax’

  • More than 1,600 bereavement and death-in-service cases were over 100 days old at the end of September.
  • Some pension death-benefit lump sums must be paid within two years of a scheme being notified of a death to qualify for tax-free treatment.
  • The government says compensation may be available if administrative delays cause a tax charge.

Bereaved families waiting for civil service pension payments could face an unexpected tax bill because of delays in processing death benefits, according to reporting by BBC Radio 4’s Money Box.

The issue centers on a two-year deadline for certain pension lump sums. Under HM Revenue and Customs rules, where a person dies before age 75, a lump-sum death benefit is generally tax-free only if it is paid within two years of the pension scheme first becoming aware of the death and the payment falls within the relevant tax allowance.

Keep ReadingShow less