TISA cautiously optimistic on Coalition retirement plans
TISA – Tax Incentivised Savings Association – is giving the Coalition Government announcement on its policy towards retirement its tentative support.
Malcolm Small, TISA Director of Portfolio & Retirement Planning says:
“There is much that is positive in the Coalition Agreement for retirement policy such as the Commission on Public Sector Pensions, however much is left unsaid. The Liberal Democrat proposals to limit tax relief on pension contributions will not simply have disappeared and must be tempting ‘low hanging fruit’ either in the Emergency Budget or the Spending Review promised in the autumn.
“The number one priority for Government will be deficit reduction. Whilst nothing can be sacred, pension saving in the UK is already in enough trouble. Tinkering at the edges will just make matters worse – we need some new thinking and radical reform to re-instate a culture for saving in the UK.”
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For further information, please contact:Malcolm Small, Director of Portfolio & Retirement Planning, Mobile: 07989 500 771 malcolm.small@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