Government measures "not enough" to encourage saving - Chartwell

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Low earners will have to wait some time yet before the government comes up with a proposal that woul...

Low earners will have to wait some time yet before the government comes up with a proposal that would show it clearly benefits them to save, says Chartwell. In a letter to Gordon Brown sent out in April, the IFA firm argued that many low earners are faced with a choice between the tax advantages of a pension and the flexibility of an ISA, adding that these two saving products are not ideal on their own. It also put forward a suggestion of a new savings vehicle combining the benefits of these two options by granting people a bonus every five years instead of giving immediate ta...

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