Wokingham U3A Membership Subscriptions 2020/21
2020-21 subscription is unchanged, £8pa, per member. Invitations will be issued in February 2020 to all members who were current at 31 December 2019. Payment is due by 1 April 2020. Please pay by bank transfer, which reduces our workload considerably. We also request that members pay their subscriptions individually, not jointly, for administrative reasons and that the payment is made from a bank account containing your name. Details will be enclosed with the renewal invitations.
Important information: Third Age Matters Magazine
We are informed that from April 2020, Third Age Matters Magazine (TAM) will be published through the Third Age Trust’s new Trading Company subsidiary (Third Age Trust Trading Limited – “TATT”).
For tax reasons, provision by Wokingham U3A of TAM free of charge to our members will no longer be possible. Only a newsletter providing information on our own charity’s (previously including the Third Age Trust) activities is permissible and TATT has a completely different objects clause. Provision of TAM could therefore be deemed a “benefit”, which cannot exceed 25% of our subscription, leaving us unable to reclaim Gift aid tax relief in future.
Our 2020/21 membership renewal pack will ask those members wishing to continue receiving TAM to make £3.10p separate payment to cover postage & distribution.
We are sorry for late notice in providing this information, but have been working recently to have this tax situation confirmed. The situation essentially arises because our annual subscription is so low compared to most U3As in the UK.
Any queries, please email email@example.com