I cannot believe that only 2 per cent of the population has over £100,000 invested in Isas.
I have religiously recommended moving investments into an Isa wrapper year on year so I estimate that 50 per cent-plus of my clients hold this amount or more.
If someone started saving into an Isa 20 years ago, they could have easily saved/seen their investments grow to £100,000-plus.
But here is yet another penalty for saving in a tax-efficient manner – and the Treasury is moving the goalposts again.
I appreciate that this is a kite-flying exercise, but seriously?
Either they want to give every financial adviser in the country an aneurysm or they truly do not want to incentivise long-term saving.
Sam De Zoysa
This just helps to highlight that the bigger problem lies with the fact that the current political system is not fit for purpose. We all have to suffer at the hands of self-serving politicians and their short-term populist policies that have led the country to the brink of ruin. Whose money is it anyway?
Read my lips, all political parties: this is an unelectable policy.