With a new ‘NISA’ £15,000 limit are ISA’s the new pensions?


With the public finances still being incredibly weak, the Chancellor didn’t have the financial legroom to reduce taxes much, so he’s plumped for chang
[See the full post at: With a new ‘NISA’ £15,000 limit are ISA’s the new pensions?]


the new increased annual isa allowance may be splendid news but together with all the recent publicity about how some people have been able to build up sizeable isa pots is it not now even more likely that a Labour or Lab/Lib incoming government will be unable to resist setting a cap on the total that any one individual can hold . A left wing think tank has been advocating this for over a year . the mere idea of people having built up isa funds in the hundreds of thousands of pounds with freedom from tax (capital gains or dividends) is anethema to the left. I would expect a limit to be set at £100k or less.