UK ISA

UK ISA: ShareSoc submits consultation response

UK ISA is a good sign that Government is supportive of UK business and UK companies UK ISA needs a fillip to be fully effective. ShareSoc suggests • removal of stamp duty; and • much more financial education. ShareSoc is pleased to respond to this UK ISA consultation. We strongly suggest that the UK ISA is given a significant fillip by removing the 0.5% stamp duty on purchases of those shares within the UK ISA. Apart from ensuring there is a clear financial incentive to ...

UK ISA – Is it a good idea?

Below we summarise the government’s new UK ISA proposal and ask for members’ input. Your views and responses will inform our response to the consultation. The consultation can be read here (17pages). Key points: The government is looking to introduce the UK ISA. This will involve a new (additional) Individual Savings Account (ISA) allowance of £5,000 per year and will provide a tax-free savings opportunity for individuals to invest in the UK. The ISA is a tax advantaged savings account, where income ...