TISA supports AIM shares and ISAs consultation

March 13, 2013

The HMT consultation paper on expanding the range of shares that are eligible to be held in a Stocks & Shares ISA is a positive step in the right direction, according to TISA (Tax Incentivised Savings Association).

TISA Director General Tony Vine-Lott says:

“We are pleased that the Government wants to consult with a view to allowing ISA investors the choice of backing UK growth companies on AIM. This sends a good message that supporting equity investment in SMEs can be a strong lever to deliver growth and job creation. It can also give investors wider choices when making ISA investment decisions.

“Tax incentives have a key role to play in encouraging investors towards investment in high growth companies and we would like to see the Government introduce further measures to encourage UK savers in the coming Budget. We look forward to engaging in the debate around these proposals.

Ends……

For further information, please contact:

Tony Vine-Lott, Director General, TISA – 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 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.