TISA welcomes Savings Gateway Bill
TISA welcomes the Prime Minister’s announcement that a Savings Gateway Bill will be introduced in the Queens Speech.
HM Treasury launched a consultation on the Savings Gateway in the March Budget. TISA will be making a submission to the consultation which is set to include:
-
A simple, flexible and easy to understand structure
- Ensuring policymakers build in the experience developing the Child Trust Fund
- Make the Savings Gateway a feeder for ISA or wider tax incentivised savings
TISA Director-General, Tony Vine-Lott said,
‘TISA is delighted the Government has announced a Savings Gateway Bill for the forthcoming Parliamentary session. We believe the Savings Gateway will encourage a whole new generation to get the savings habit and we are looking forward to working with HM Treasury on the detail of the Bill.
’ NOTES TO EDITORS:
TISA will be launching its formal response to the HM Treasury Consultation on Savings Gateway in June.
TISA is the trade association for the retail financial services sector. TISA works to improve tax incentivised savings schemes and promotion of savings in the UK. TISA works closely with industry, parliamentarians, HM Treasury, HM Revenue & Customs and the Financial Services Authority to enhance and improve the range, features, benefits, promotion and quality of savings schemes available to all savers in the UK. These include Individual Savings Accounts, Child Trust Funds, personal pensions, employer-based schemes, and other consumer-centric, Government savings schemes and savings initiatives.
For more information visit www.tisa.uk.com or email enquiries@tisa.uk.com
For more information, please contact:
Michael Cooper, Cicero Consulting +44 207 297 5968 or michael.cooper@cicero-europe.com
Tony Vine-Lott, Director General TISA +44 1372 374 728 or 07790 006108 or tony.vinelott@tisa.uk.com