Tax Advisers' Benevolent Fund (TABF)

History

TABF was established by trust deed by ATT and CIOT as a registered charity (charity number 1049658) in 1995 principally to help members and former members and their dependants in need of financial assistance or advice. In addition, TABF has wider general purpose charitable objects. The Worshipful Company of Tax Advisers (WCoTA) is the Corporate Trustee.  

Although TABF is a small charity run entirely by voluntary support, since its launch the charity has received over 40 applications for assistance from ATT and CIOT members and approved grants and loan grants totalling over £38,000. Ten years ago ATT and CIOT funded Student Bursary Scheme managed by TABF to help disadvantaged students with training and other exam costs. Over the years TABF has dealt with over 250 enquiries about funding from ATT and CIOT students and grants totalling over £82,000 have been paid. 

All applications for assistance are reviewed by the Almoner who reports directly to WCoTA Charities Committee. The Committee considers all applications for assistance on their merits on an anonymous basis throughout the year and meets four times a year to discuss financial performance, management, strategy and risk. Decisions on grants are made at the sole discretion of the Committee and on such terms as they see fit. 

Some case histories 

Typically hardship grants are paid to members, students and their dependants because of illness or injury, unemployment, redundancy, low income, expensive disability aid or building modification requirements and arrears of outstanding priority bills that pose a threat to the applicant.

Some examples of grants to ATT and CIOT members: 

  • A sole practitioner unable to work for several months after a serious accident – grant to help with care, practice support and travel to hospital. 
  • Unemployed member suffering depression following job loss and divorce – loan grant to cover rent arrears 
  • Daughter of a deceased member on low income and unable to work full time due to balance problems affecting her mobility – grant to settle outstanding balance on her mother’s funeral costs 

Examples of grants to students:  

  • Divorced single parent with two children working for a very small accountancy practice on a low income with no career development prospects wanting to broaden her tax skills to increase her chances of getting a better job – grant to cover training costs and exam fees 
  • Sole practitioner on a low income recovering from a mental breakdown following family problems wanting to return to his studies to become a CTA – grant to cover training and exam fee costs 
  • Working in a small practice on a low income and paying child maintenance. Employer will not pay for tax training. One more paper to sit to qualify – grant for training and exam fee. 

Who funds the TABF and how to help 

TABF is very grateful for the financial and administrative support from ATT, CIOT and their Members and from Members of the WCoTA. Any questions about TABF and making donations by bank transfers, standing orders, direct debits, gifts in wills or donations by cheque should be made by email almoner [at] tabf.org.uk or call 07436123823. TABF is only a small charity, please help us to grow and help more members and students. 

Who is eligible to apply for help? 

If you are a ATT or CIOT Member and: 

  • Your personal income is below the Minimum Income Standard (£20,000 for single people but higher if there are dependants) 
  • You can demonstrate hardship and the need for financial assistance 

If you are a ATT or CIOT Student and: 

  • Your personal income is below the Minimum Income Standard (£20,000 for single people but higher if there are dependants)   
  • You can demonstrate the need for financial assistance towards training to become a Taxation Technician or Chartered Tax Adviser and a commitment to undertake a course of preparation and to sit the examinations.  

How to apply 

Contact the Almoner by email almoner [at] tabf.org.uk or telephone 07436123823 for an application form and email the completed form to the Almoner. There are separate forms for Members and Students.