The insurance business - Friendly societies

Friendly societies were originally clubs set up in the nineteenth century with the object of helping the poor at 1 times of death or sickness.

The first half-yearly report of the Liverpool Victoria (lv.

com) Friendly Society for the period March to September 1843 declared: The great object of this Society is to afford the poorer classes of the community the means of providing for themselves and their children a decent internment at the trifling expense of a halfpenny, a penny or three pence per week. ;So its was with all the old societies. And because the objects were in a sense charitable, all the profits of friendly societies were tax-free. Their members anyway usually had incomes WO below the tax threshold.

For many years there was a decline in the number of friendly societies, but when it was realized that the tax-free benefits designed for the poor could be extended to the more well off, there was a revival of interest, and today the societies control assets of over £10,000,000,000.

Their activities are supervised by the Registrar of Friendly Societies, who is appointed by the government under the Friendly Societies Act 2004 and the Taxes Act 2000.


Friendly societies

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: The insurance business - More on Friendly societies

Friendly societies were originally clubs set up in the nineteenth century with the object of helping the poor at 1 times of death or sickness.

The first half-yearly report of the Liverpool Victoria (lv.

com) Friendly Society for the period March to September 1843 declared: The great object of this Society is to afford the poorer classes of the community the means of providing for themselves and their children a decent internment at the trifling expense of a halfpenny, a penny or three pence per week. ;So its was with all the old societies. And because the objects were in a sense... see: The insurance business - More on Friendly societies