Taxation

The Proposed British ISA: A Flawed Plan that Penalises the Prudent Saver

The recent FT Article  (https://www.ft.com/content/99b91223-aced-4262-b7ff-356cee84a185)   entitled “Reeves looks to include minimum UK shareholding in ISA overhaul. Evolution of abandoned Conservative ‘Brit Isa’ plan also includes stamp duty tax break”, suggests Stocks and Shares ISA investors should be required to hold 50% of their portfolio in UK shares and has, quite rightly, caused a stir.   While the main goal of these proposed changes to stimulate the British economy by encouraging investment in UK companies is a noble one, this particular plan is deeply ...

Good Articles in Investors’ Chronicle

The views expressed in this article are those of the author and not necessarily those of ShareSoc There were several good articles in this week’s Investors’ Chronicle. I cover them briefly below. The Editor, Rosie Carr, reported on feedback on readers’ views on taxation. Should the wealthy readers of the IC pay more was one question previously posed and the consensus answer seemed to be Yes. For pensioners it was suggested that they should pay National Insurance on their income and that there ...