April 2010 - Then what?

HGLTsuperstar

OK, time to get your crystal balls out please!
The current ISA set-up is only guaranteed until April 2010 so, assuming its not extended, then what?
Of course, one way or the other, there will be a new chancellor but has there been any inkling of what will happen to existing ISAs, cash or equity versions?
Will they be allowed to continue and just no new ones opened?
Will they all be closed and revert to the equivalent tax-liable accounts (i.e. regular saving accounts, non-ISA unit trust etc)
Or something else entirely?

al_yrpal

We aren't saving enough, so its bound to continue if we still have Labour (with much gnashing of teeth from Taxit Brown).

If we get the Tories again, they will raise the limits so we can all save more for ourselves.

PBA

If it's Labour in power, chances are they'll continue ISA allowances as they are. The amount of tax revenue "lost" through people having ISAs is tiny, especially compared to the potential loss of votes from scrapping them.

If it's Tories, they've said they'll drop income tax on all savings interest, so ISA allowances will become irrelevant anyway.

If it's anyone else, so unlikely it's not worth considering.

Of course, you could use your vote to influence what happens