With an increase in charities in 2016 over last year, Australians are perhaps all set to become more generous this Christmas. As the annual custom of sharing during Christmas approaches, read on to know whether charity begins at home for the Aussies!
Christmas is around the corner and so is the time for gifting. This is a time of the year when we dig deeper into our pockets to spend on gifts, not only for our loved ones, but for ourselves as well. People around the world love self-gifting, and Australians are no exception. In fact, according to
People around the world love self-gifting, and Australians are no exception. In fact, according to statistics, Aussies are known to have a particularly high love for self-gifting especially during the Christmas period. With coupons from Paylesser Australia, one of the largest coupon aggregators in the world, with a global presence in more than 20 countries, you can buy the best gifts for yourself at great prices. Christmas is a time for sharing and giving to the less privileged and Australians certainly seem to be more generous with charity donation, as compared to the rest of the world, because statistics show that almost every Australian is committed to at least one charity. That’s pretty generous!
Christmas is almost like an annual spendathon with buyers and sellers both trying to get the most out of the shopping frenzy that envelops the whole world! A major part of the festive spending, by men and women alike, is allocated towards individual needs. When you splurge this festive season, use a Vision Direct Discount Code to buy the best eye gear for yourself. Christmas sales and spending are expected to peak in early December as preparations for the most celebrated festival of the year reach a feverish pitch.
However, it is also interesting to note that apart from self-gifting, the people of Australia are gradually increasing their budget on charities as revealed by surveys. The most common months for charity are from April through June as the financial year end approaches and people are making donations for tax benefits. Charities dip during Christmas with people diverting their income towards festive shopping but with an increase in quantum of charities going up to 6.5 percent in 2016 from 2.4 perecnt in 2015, there is optimism for most charitable
Christmas sales and spending are expected to peak in early December as preparations for the most celebrated festival of the year reaches its peak. However, according to recent surveys, it ‘ also interesting to note that apart from self-gifting, Australians are gradually increasing their budget on charities.
The most common months for charity amongst us are from April through to June, as the financial year end approaches and people are making donations for tax benefits. Charities taper during Christmas, with people diverting their income mainly towards festive shopping, but with an increase in quantum of charities going up to 6.5 percent in 2016 from 2.4 percent in 2015, there is optimism for most charitable organisations in Australia, as suggested by an NBA report.
People in Australian states especially Victoria, New South Wales and Australian Capital Territory (ACT) are more bighearted with charities by donating more from their Christmas budget. This was followed by Western Australia and New South Wales that has higher metropolitan population while closely behind were the residents of Queensland and Tasmania featuring at the third position according to last year’s data.
These trends in states are greatly dependent on economic parameters like where most of the ‘High Income’ population is located, improvement in GDP, lower consumer anxiety despite global economic meltdown and regional charitable practices. Most states are expected to reach a new record high in donations with Victoria registering the highest growth in charity in 2016. However, if you feel strongly about a cause, it should not really matter which part of Australia you are in as long as you are willing to spare a few dollars for it.
It is also noteworthy that contributions to charities working for humanitarian services continue to be the highest followed by charitable lotteries. Health and disability, cancer and animal and environment were some other charity sectors that people preferred to donate to. Almost every charitable sector recorded a growth in 2016, with the medical research sector leading the pack and registering a 17.2 percent increase over 2015.
Apart from the benevolence, contributing to a charity is beneficial in several ways. Read on to know about some commonly asked questions about charity in Australia.
How do I benefit from donating to charity in Australia?
- You get a tax deduction on the income tax that you pay and leading to a significant reduction in the amount of tax that you pay.
- If you donate to charity during Christmas, you can list it on your income tax claim for the financial year ending June 30th, 2017.
- You can file your tax returns that are due by October 31st every year.
How do I choose a charity?
- Firstly, it is important for you to identify a cause that you truly support and are interested in. Next step; you need to pick an organisation that works for that cause. With a plethora of charitable organisations, it may be a challenge to choose one. It’s also important that you find out about the organisation’s activities and how they utilise the donations they receive. It’s advisable to do your research before you make your contribution. You should always ask questions before you make your choice. Some of them are:
- Where are you based?
- How are the donations used?
- What kinds of activities do you conduct?
- Shall I get tax deductions for the amount I donate?
- Do you have other affiliations?
How do I verify the authenticity of a charity?
- Look for the padlock sign prefixed on the website address.
- Make sure you pay through a secure and safe gateway
- Check if a charity is registered. Look for its address, landline phone number and other contact information.
- If you are making a donation physically, verify the genuineness of officials and volunteers.
Christmas is the spending season for most families in Australia. However, if you plan, provide and budget for charity, there is little chance that you miss it. Think about a cause that you are willing to support and look for organisations that are working for it so that you can do your bit. The best time of the year is here! You can make your Christmas more special by not only buying gifts for yourself but also do your bit for the needy and make the world a better place. So if you are indeed blessed with abundance in your life, make sure you share it with others as well!