The government should offer tax breaks to employers if it wants to close the Savings Gap, according to financial services firm Origen.
The company says employers who encourage staff to take financial management courses should have their National Insurance contributions reduced. Origen also says the industry as a whole needs more products in the “bought rather than sold” category to motivate clients to review their finances. Michelle Cracknell, Origen’s business development director, says: “We need to introduce incentives for savers. This requires a review of the tax and benefits system, which is obviously a massive job but the only way we can really address the Savings Gap. “Second, there are many benefits derived fr...
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