ISA changes to be government priority in 2025 says AJ Bell boss Investing AJ Bell’s boss has said that ISA simplification is expected to be a priority for the government next year. “My understanding is that in 2025 we’ll see some progress on ISA simplification, and we’ll look to engage with government as part of that,” said AJ Bell CEO Michael Summersgill. There had been anticipation of a shakeup in [...]
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, [...]
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.
Scaredy cats? Brits shy away from stock market compared to Americans May 30, 2024 The number of Brits investing in the stock market currently sits at only 23 per cent, compared to 61 per cent for Americans.
General Election 2024: Labour backs British ISA plans but Natwest share sale under ‘review’ May 28, 2024 The Labour party has confirmed it will push ahead with the government’s plans to introduce a British ISA if elected to power but will keep the much-hyped sale of Natwest shares under “review”, CityAM can reveal.
British ISA plans thrown into doubt by Sunak’s election call May 24, 2024 A number of the government’s flagship City reform efforts including the roll-out of the British ISA and so-called Pisces private market have been thrown into doubt by Rishi Sunak’s gamble to hold an early election in July.