Gifting vouchers? You’re about to get 5 years extra value in New Year

If you're a serial voucher giver or have a collection of them – listen up.

The Government has given the nod for new legislation which will require all gift vouchers to have an expiry date of at least five years.

The Consumer Protection (Gift Vouchers) Bill 2018 is expected to be passed early next year. 

Addressing the matter, TD Heather Humphreys said: "Every year consumers lose out because their gift vouchers go out of date."

"Part of the problem is the great variation on expiry dates which can range from as little as six months to 12 months to 24 months."

"This often leads to confusion amongst consumers. By having a set five-year expiry date on all gift vouchers, we will provide certainty to everyone involved," added the Minister for Business, Enterprise and Innovation.

The Bill will also include two conditions, the first means you and I will no longer have to spend that voucher all in one go.

And the second will tackle the cancellation of the gift card if the receivers name is spelt incorrectly, and a charge to amend the name will also be abolished.

Commenting on the provisions, the Minister said: "It’s wrong that consumers should have to spend a voucher in full in one transaction."

"Similarly, it isn’t fair that businesses can penalise consumers simply because of a wrong letter in a name."

"I’m glad that these two issues were brought to my attention during the public consultation so that we can now address them as part of this Bill," she added.

The Bill received cross-party support.

We for one are delighted with the new measures.

Trending
Well hello there!
Help us help you by allowing us and our partners to remember your device in cookies to serve you personalized content and ads.

We're on a mission to help our mums and their families thrive by informing, connecting and entertaining.

Join us in our mission by consenting to the use of cookies and IP address recognition by us and our partners to serve you content (including ads) best suited to your interests, both here and around the web.

We promise never to share any other information that may be deemed personal unless you explicitly tell us it's ok.

If you want more info, see our privacy policy.