View more on these topics

Optimism that Isa limit will spring forward after consultation

by Paul McMillan

The Isa consultation announced in the pre-Budget report could open the door for an increase to the savings limits in next spring’s Budget, says Cicero Consulting.

Director Iain Anderson says the consultation is positive news for the industry.

He believes industry submissions will overwhelmingly call for a rise to the current investment limits and pressurise the Government into implementing a rise.

Providers will have until the end of January to respond to the consultation, which is to run separately from the Treasury’s Isa review that ended last month.

Chancellor Gordon Brown formally announced in the pre-Budget report that Isas are to become permanent and indicated a change in the rules to allow transfers from cash to equities without effecting the annual limits.

But he left any possibility of an increase in the annual limits until after January’s consultation.

The industry has been unanimous in its support for the Treasury to increase the 7,000 limit as a way of incentivising more people to save more.

Anderson says: “There is a strong possibility of a rise to the Isa limits in the next Budget after this latest announcement, as the industry will be putting significant pressure on the Government.”

Recommended

Talking points

I am of that old-fashioned school of thought that believes when a minister wishes to make a policy announcement, it should be made in the House of Commons. The reason why our democratic system works is that those who govern know they do so with the consent of the governed. Part of this social contract is the ability of the people, through our elected representatives, to challenge the proposals of the Government.

Only “two dozen” zero-carbon homes in UK, Treasury admits

The Treasury has admitted that there are only around 24 zero-carbon houses in the UK at present, after yesterday’s pre-Budget report pledged to exempt those in new zero-carbon homes from stamp duty.A spokesman said those homes can either be found in the Docklands in London or Meadows in Nottinghamshire. Chancellor Gordon Brown yesterday said that […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com