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 ...