PIMA welcomes the Tresury’s largest ever reforms to the ISA regime
PIMA welcomes the Treasury’s largest ever reforms to the ISA regime.
At today’s PIMA annual conference the Economic Secretary to the Treasury, Ed Balls MP, announced the largest ever reform package to the ISA regime.
The reform package includes:
o A commitment to a permanent future for ISAs beyond 2010
o The removal of the mini/maxi distinction
o The rolling of PEPs into the ISA wrapper
o The rollover of some existing savings vehicles, such as Child Trust Fund on maturity, into ISAs
[b]Tony Vine-Lott, Director General of PIMA said:[/b]
[i]“We are delighted that the Economic Secretary to the Treasury, Ed Balls MP, used the platform of the PIMA annual conference today to announce this significant ISA reform package. The commitment to ISAs beyond 2010 and the removal of the mini/maxi distinction are key issues which PIMA have lobbied for as part our input to the ISA review. We are absolutely delighted that the Treasury has taken on board these recommendations. We look forward to more announcements on the ISA in the pre-budget report”[/i]
For more information:
Tony Vine-Lott, Director-General, PIMA
07790 006108
Iain Anderson or Jacob Coy, Cicero Consulting
020 7665 9535
07785 507045