We believe that you should be better off if you have saved then if you had not - so often nowadays this is not the case. We will be campaigning against any issues that are unjust and unfair to savers.
 

Currently the low interest rates are the biggest problem facing savers, these coupled with the much higher rate of inflation is causing worry and hardship for many.

But these problems are compounded by policies and penalties that are built into the fabric of our financial and government institutions. They are engrained in the Government’s economic policies, the tax system, the benefits system, pension regulations and also the way our financial institutions operate.
 

FIRST £5,000 OF INTEREST TAX FREE

Save Our Savers is calling for a tax free allowance of £5,000 for all interest income. This would show the government’s commitment to savers and act as an incentive to save. It would also resolve the following issues:

• Remove the injustice caused by paying tax on income whilst the actual value of the savings is being reduced by inflation.

• Resolve the ridiculous situation where tax free cash ISA’s pay less interest than comparable standard savings accounts

• Remove the bureaucracy needed for those with low incomes such as pensioners and children to complete R40 or R85 forms to receive their interest free of tax.

AN SOS TO SAVERS

It is our savings that are propping up the UK’s financial systems and providing stability for the Government. Yet successive governments have removed incentives to save and have actively encouraged borrowing instead.

It is our mission to become the voice of savers in the UK and persuade the policy makers that savers must be encouraged and rewarded.

We believe that savings are core to a successful economy; that savers with their ethics of independence and self-reliance are core to a stable and strong society, and above all that you must be better off by saving than if you hadn't.

WE WILL

• Highlight savers’ issues and demands in the media and directly with decision-makers
• Aggressively lobby the Government's treatment of savers
• Challenge the opposition's proposed policies towards savers
• Involve you, our members, in forming our demands and how we make them, in exposing issues that damage savers, in promoting long-term political thinking and consistent policymaking and in developing sanctions to make sure that the saver's voice is heard
• Call to account the legitimacy of ministerial decisions, with legal action if necessary
• Work with savings product providers to ensure a fair deal for savers
• Champion a culture of long-term saving and investment in the UK

JOIN US

So join us, lend your support and give us your views on how the Government should support savers. By joining this campaign, you’re increasing Save Our Savers' power to influence politicians, financial institutions and others who can give savers a fairer deal.

HELP SPREAD THE WORD!

Tell friends, family and colleagues about Save Our Savers by clicking on the relevant link below;

SOS

Diary

More >

SOS

Reports

More >

"At last some support for savers" / "If [Save Our Savers] harnesses only a fraction of savers' righteous fury, I'd say ministers ought to be very afraid."
Evening Standard

"The fury felt by savers gained another powerful voice with the launch yesterday of an action group called Save Our Savers"
Sylvia Morris, Daily Mail

"Savers are fed up with being punished for their prudence while politicians bend over backwards to seek borrowers' votes - now a new action group [Save Our Savers] aims to get a better deal for depositors and investors."
Sunday Telegraph

"Save Our Savers will give consumers the chance to fight back for fairer treatment, political recognition and policy support"
Tricia Philips, The Daily Mirror

Ros Altmann, former Government advisor on pensions, saving and investment policy.

"I welcome this Save Our Savers initiative and the emphasis on restoring Britain's once-strong savings culture.  It seems that people who saved in order to be able to look after themselves have lost out badly in recent years and the policies pursued to fight the credit crisis have damaged pension saving and pensioners.  Those who did the right thing seem to have been penalised by measures which have taken money away from savers and pensioners and transferred it to borrowers and bankers.  This is not in the long term interests of our economy."

"Saga supports Save Our Savers as the first independent action group fighting for the fairer treatment of savers and the introduction of concrete actions that will create a clear and long term savings policy from future Governments."