Autumn Budget 2024: Reeves scraps British ISA plans Investing Chancellor Rachel Reeves failed to make any changes to Individual Savings Accounts (ISAs), keeping annual subscription limits fixed, while confirming that the British ISA would be scrapped. The annual ISA allowance has been constantly been upped in recent years, starting at £7,000 in 1999, then to £7,200 in 2008, £10,200 in 2011, £15,000 in 2014, [...]
The Notebook: Turning 18 with a junior ISA? Here’s what to do Opinion From managing a junior ISA to preparing for upcoming tax changes, financial expert Susannah Streeter offers her advice in today's Notebook.
U-turn: British ISA dropped by Labour despite prior pledges Investing The roll-out of a British ISA has been scrapped by the new government despite Labour insisting it had “no plans” to ditch the scheme in the run up to the election. The specialist stocks and shares ISA would have allowed savers to invest an extra £5,000 tax-free in UK equities, on top of the £20,000 [...]
Investment platforms urge ‘radical’ ISA reform to unlock £30bn in UK market July 15, 2024 The bosses of the largest investment platforms in the UK have called for a "radical" simplification of the ISA regime, arguing that reform could unlock £30bn to boost British equities.
ISA season breaks new record despite UK outflows revealing ‘structural problem’ May 8, 2024 Charles Hall, head of research at Peel Hunt, warned that the data showed "exactly why the UK market has a structural problem".
A new UK ISA will give British savers a share in our country’s future prosperity April 9, 2024 As we mark the 25th anniversary of the ISA, the government is planning to expand the tax free savings offer to give more people a stake in out country’s success, says Bim Afolami It’s a little-known fact that the majority of ISA holders earn less than £30,000 per year. Not just a tool for the [...]
British investors buck trend and pour more money into UK equities March 26, 2024 UK investors have changed their tune on the British stock market, with the number holding UK equities having jumped by 10 per cent over the last three months. In Etoro’s Retail Investor Beat, which surveyed 1,000 UK investors, 80 per cent said they now have cash in UK equities, the highest level in over a [...]
The UK’s biggest ISA pots revealed March 25, 2024 The UK’s biggest ISA pot is worth over £11.6m, according to new data from HMRC revealed in a Freedom of Information request.
Spring Budget 2024: British ISA unveiled to push UK retail investment March 6, 2024 The new ISA, which will be introduced after a consultation into the implementation, will allow investors to put an extra £5,000 into UK equities.
Treasury minister fails to rule out further tax cuts ahead of election November 26, 2023 A senior government minister has not ruled out the possibility of more tax cuts ahead of a general election, stating that the Autumn Statement had “set the direction of travel”.