ISAs

Proposals on Limiting ISAs

The views expressed in this article are those of its author and not necessarily those of ShareSoc. The Resolution Foundation has released a report looking at “the Government’s policies to encourage household saving”, it particularly focuses on ISAs and notes that capping ISAs could raise £1bn in tax for the Treasury.   https://www.resolutionfoundation.org/publications/isa-isa-baby/  The report proposes a cap on ISAs of £100k but is unclear if that’s a cap on total contributions or a cap on the total value of an ISA.  At one point ...

Taking Cash From ISAs and IHT Reclaims

If like me you have been selling shares in your ISA during the market crash, you may now have a lot of cash sitting idle in your ISA. Most brokers pay no interest to you on it but prefer to collect it themselves. But now we are into the new tax year, there is a solution to this. Take the cash out and put it on deposit into a high interest current account. You will get over 1% interest. You can put ...

Voting Your Shares – ISAs

One of our Members has responded to our previous note on voting your shares held in nominee accounts and in particular ISAs by saying that when he requested they submit votes on his Rolls-Royce shares the Idealing company said there would be a £30 administration charge for doing so. The ISA regulations make no provision for such a charge so I have advised that he should tell them this is illegal. Below is the relevant part of the ISA Regulations which some ...