Trust bonus set to be reformed
By NEIL RIDDELL
SHETLAND Charitable Trust looks set to be forced to radically alter its £1 million Christmas bonus scheme for pensioners in the isles, it emerged this week.
Under the trust’s budget for 2008/9, a payment of £321 is due to be made to all pensioner and disabled person households in Shetland which choose to apply for the bonus, at a total estimated cost of £1,125,500.
The trust currently pays £60,000 in tax on the scheme but, although no final decision has been taken, the Inland Revenue is likely to force it to pay a substantial amount of additional …
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