Budget response from TISA
Commenting on today’s Budget Malcolm Small, TISA Director of Policy said:
“This budget is three times good news for pensions, once for something the Chancellor did not do, and two times for things he confirmed. Tax relief on pension contributions was left unaltered, when many feared it would be limited further. This is welcome; we need as few changes as possible in pensions ahead of the automatic enrolment initiative starting later this year. The signal that state retirement ages will be raised still further starts to deal with the reality that we are all living much longer. The best news was the confirmation that a move to a flat-rate state pension will proceed. Many had started to worry that this was being blocked by the Treasury, so to hear from the Chancellor himself that it is to go ahead is good news indeed.”
Ends……
For further information, please contact:
Malcolm Small, Director of Policy, Mobile: 07989 500771 Email: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
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 120 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.