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.'