Risk fears at Aim link for Isas
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Advisers are concerned at Bud-get proposals to consult on making Aim shares eligible as a tax-advantaged investment for retail savers through Isas.
The Government says that, as part of its plans to support small and growing businesses, it wants to consult on Aim shares becoming eligible under Isas.
The report says: “Isas are simple, flexible and accessible. The Government remains committed to supporting small and growing businesses. It intends to consult on allowing Aim shares to be eligible as a tax-advantaged investment.”
Syndaxi Chartered Financial Planners managing director Robert Reid says: “The idea of having savings in illiquid Aim shares is totally inappropriate.”
But Hargreaves Lansdown investment manager Ben Yearsley says: “As long as the risks are explained, why can they not be a sound investment for a high-risk investor?”
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