TISA backs government decision to widen ISA investment range
TISA has expressed its support for the government’s decision to extend the choice available to ISA investors by including company shares trading on a recognised stock exchange within the EEA.
Jeffrey Mushens, TISA Technical Director said:
“We have long held the view that the current anomaly whereby small and mid-cap shares can be held in a SIPP but not in an ISA should be addressed. It is also very pleasing that the new rules apply equally to Junior ISAs and Child Trust Funds as the range of qualifying investments has always been broadly similar to that available for an adult ISA.
“As well as giving investors a wider choice, this decision should also provide a welcome boost to help SMEs looking for a capital injection to grow their business”.
Ends……
For further information, please contact:Jeffrey Mushens, Technical Director, TISA – Tel: 07939 575093Email: Jeffrey.mushens@tisa.uk.com
Carol Knight, Director of Member Services, TISA – Tel: 01642 666989, Mobile: 07967 317003 Email: carol.knight@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Anne McMeehan – Tel: 020 7680 6567, Mobile: 07764 184384 Email: anne.mcmeehan@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.