Good news on annuities and ISA subscription limits
A further response from TISA to the Emergency Budget
Commenting on the additional details contained in the June 2010 Budget report documentation Tony Vine-Lott, TISA Director General said:
“There is further good news for savers with the announcement that compulsory annuitisation will cease from April 2011 and that the annual ISA subscription limit will be index linked from 2011-12. On the flip side, the announcement that the Savings Gateway will not be introduced in July 2010 is a blow.”
Ends
For further information, please contact:
Tony Vine-Lott, Director General, TISA – Tel: 01372 374728, Mobile: 07790 006108Email: tony.vine-lott@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786 Email: steve.radford@cauldron-consulting.com
Notes for editors:
The Tax Incentivised Savings Association (TISA)
TISA is the premier industry funded body in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available, at the same time encouraging more people to save for their long term financial security and peace of mind.
Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace, its membership comprising over 120 firms involved in all aspects relating to the supply and distribution of financial products and services.
TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles.