Make Isas tax-free, urges Fidelity International
www.moneynews.co.uk > Banking > Make Isas tax-free, urges Fidelity International
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Money News |
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Make Isas tax-free, urges Fidelity International
Mon 30th Nov 2009
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The financial services organisation made its assertions ahead of the delivery of the pre-Budget report by Alistair Darling.
It said that by making this change, the chancellor of the exchequer will be able to kick-start the nation's savings and also help consumers to be better-positioned when it comes to being ready for their retirement.
Gary Shaughnessy, UK managing director at Fidelity International, said that Isas are a key savings vehicle for anyone who is looking to build up a pot of cash for when they give up work.
He also welcomed the recent decision to increase the Isa limit to £10,200.
"The real goal for the government is not rewarding those existing savers who can afford to invest more, but to encourage people without current savings to make a start," Mr Shaughnessy added.
Isas were introduced in 1999 to replace Tessas and Peps.
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