Small businesses to receive ISA boost
For the first time ISA investors will soon be able to include AIM stocks within their portfolio – providing a welcome boost for smaller growing companies who are often starved of funding.
This follows the enactment of legislation that company shares trading on a recognised stock exchange within the EEA can be held in a stocks and shares ISA from 5th August 2013.
TISA Director General Tony Vine-Lott says:
“Britain is notoriously poor at providing capital funding to potentially rapid growth start-up companies. Now, investors will have the opportunity to back these UK growth companies and at the same time benefit from the tax advantages of doing so within an ISA wrapper.
“Many of these companies are micro employers with a handful of staff who will in future have far greater opportunities to invest in the business as well. This is good news for investor choice and for the economy and job creation.
“It is also pleasing that the new rules apply equally to Junior ISAs and to Child Trust Funds as this ensures that the range of qualifying investments is consistent with Adult ISAs. As with all investments people do need to do their homework before investing in AIM stocks or seek financial advice where appropriate.”
Ends……
For further information, please contact:
Tony Vine-Lott, Director General, TISA – Tel: 01372 374728, Mobile: 07790 006108Email: tonyvine-lott@tisa.uk.com
Jeffrey Mushens, Technical Director, TISA – Tel: 07939 575093Email: Jeffrey.mushens@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 7680 6568, 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 whilst encouraging more people to save for their financial security and peace of mind.
Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 130 member firms involved in the supply or distribution of products. TISA’s remit extends across the broad spectrum of savings vehicles & services and centralised investment propositions.www.tisa.uk.com