SRA Changes re Client Fund charitable donations

SRA changes implemented wef 31 October 2014 include a revision to Rule 20.2. This increases from £50 to £500 the maximum balance of client funds (that have been held on any one individual client or trust matter) that can be paid over to charity without requiring prior approval from the SRA. Whilst reviewing your client balances now might be a good time to tidy up your old balances over £50 especially where you may not have had chance to seek SRA approval to deal with these smaller funds!