Simple savings vehicle for disabled clients welcomed as 'groundbreaking'

The idea, put forward by the Institute for Fiscal Studies' chair of the Tax Law Review Committee Paul Brice, would see the introduction of an additional simplified savings vehicle with many similarities to trusts. The aim is to enable savings to be made by people for whom the complexity and cost of trusts may discourage their use.  "This would mean that the peace of mind that can come from putting aside money for, say, the future of a disabled child can be available to a broad range of people, not just those who can afford the time and resources to set up and run trusts," the discussi...