ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,883 
Likes: 11,106
|
Post by ilmoro on Mar 6, 2024 13:08:14 GMT
Worth noting the new ISA rules are not mandatory, entirely up to providers whether they allow multiple products of same type. Rules only produced two weeks ago (unpublished) so providers not likely to implement widely from day one.
Meanwhile extra £5k allowance for British ISA only
|
|
|
|
Post by gramsky on Mar 6, 2024 13:15:14 GMT
Worth noting the new ISA rules are not mandatory, entirely up to providers whether they allow multiple products of same type. Rules only produced two weeks ago (unpublished) so providers not likely to implement widely from day one. Meanwhile extra £5k allowance for British ISA only Be interesting to see what is allowed in this ISA and what they mean by British. Most of Britain is owned by foreign companies somewhere.
|
|
|
|
Post by bracknellboy on Mar 6, 2024 13:32:02 GMT
.... Meanwhile extra £5k allowance for British ISA only This will be done to “ ensure that British savers can benefit from the growth of the most promising UK businesses as well as supporting them with the capital to help them expand,” Hunt said." Uhh, they can do that anyway. So really what you meant Mr Hunt is that this is a sop to the city, a band aid to try and prop up the massively underperforming UK equity market. Rather than address real issues like lack of competitiveness of UK companies, and the fact that London is no longer a favourite place for companies to list.
|
|
benaj
Member of DD Central
Posts: 4,885
Likes: 1,604
|
Post by benaj on Mar 6, 2024 13:34:18 GMT
What exactly is British ISA? I didn't know non-British ISA exist. Are there some "legal" tax free accounts which are non-British? And no British Companies would be investing or trading with foreign companies / fund / investment within that British ISA?
|
|
|
|
Post by gramsky on Mar 6, 2024 13:38:35 GMT
What exactly is British ISA? I didn't know non-British ISA exist. Are there some "legal" tax free accounts which are non-British? 'British' refers to what is allowed in the ISA (eg Britsh company shares) not where the ISA is held.
|
|
