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  3. Cash ISas and the budget

Cash ISas and the budget

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  • M Offline
    M Offline
    markiii
    wrote on last edited by
    #1

    So what do we think to any changes in the budget

    I'm hearing a lot of noise about city firms lobbying for the end of cash isas or greatly reduced limits. As the greedy bastards want to get there hands on our cash into the markets

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    • M Offline
      M Offline
      mikeiow
      wrote on last edited by mikeiow
      #2

      I’d personally be surprised if that became any focus. (#nodeepindustryknowledgetobackthis!)

      That said, I wouldn’t personally be putting more than £4K into a cash ISA with any regularity. Perhaps depends on your risk profile, but for emergency money, maximum PBs work for us.
      I would save the ISA for more “risk taking” investments: that way, any good growth can also be tax-free 🤷‍♂️

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      • 2 Offline
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        2BToo
        wrote on last edited by
        #3

        I'd expect significant tinkering with pension allowances and relief rates and some kind of cap on ISAs - possibly a cap on maximum lifetime contributions or a cap on allowed value after which you can't make any more contributions.

        Too many people have too much money for themselves and large numbers of people are in need of (more) state support, or so our political overlords think. The money therefore needs to be taken from the former and given to the latter.

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