§ Lord Brightman
asked Her Majesty's Government:
Whether it is correct that a "Give-As-You-Earn" deduction made from a pension paid by HM Treasury at the end of a calendar month, is not credited to an agency charity (such as the Charities Aid Foundation) until approximately the 19th day of the next calendar month and, if so, who receives the benefit of the interest earned by the money so deducted between the date of deduction and the date of payment to the agency charity.
The Earl of Caithness
SI1986 No.2211 requires employers to pay over deducted sums, in effect, by the 19th day of the next calendar month. However, HM Treasury pays over moneys donated to the Charities Aid Foundation within seven working days, as promptly as most other employers. The timing of payments to the end recipient charities is not a matter for H. M. Treasury.