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Chancellor's Autumn Statement

2

Comments

  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    nilrem wrote: »
    Like many others the stocks and shares ISA is of no interest to me. :)

    Whereas I have close to zero in cash ISAs and have made hay with S&S ones.

    Each to their own.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
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    nilrem wrote: »
    I would have liked to have seen the cash part of the ISA allowance increased more. Like many others the stocks and shares ISA is of no interest to me. :)

    Thing is though, the government are trying to stimulate the economy while at the same time cutting their own spending. They don't want it to be more lucrative for you to take money out of the economy now and reintroduce it in a few years time when the economy is overheating.

    So once you've got £5k+ put away each year - which is a decent chunk of an average wage-earner's take-home, or at the other end of the scale, a couple of big earners doing this for 10 years in a row will be over 100k which is a good rainy day fund for anyone - they would rather you spent it in shops or put it into the investment sector.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    edited 5 December 2012 at 10:13PM
    Perhaps they should have launched a new British Investment ISA.

    £10,000 tax free limit, in addition to other ISA limits, where the money has to be invested in companies that employ 90% or more of their staff in the UK and have a turnover of less than £50m in the last financial year.

    Or the AIM market.
  • srcandas
    srcandas Posts: 1,241 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker
    opinions4u wrote: »
    £10,000 tax free limit, in addition to other ISA limits, where the money has to be invested in companies that employ 90% or more of their staff in the UK and have a turnover of less than £50m in the last financial year.

    Opinions4u for Chancellor of the Exchequer. Vote now :D
    I believe past performance is a good guide to future performance :beer:
  • Reaper
    Reaper Posts: 7,356 Forumite
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    opinions4u wrote: »
    £10,000 tax free limit, in addition to other ISA limits, where the money has to be invested in companies that employ 90% or more of their staff in the UK and have a turnover of less than £50m in the last financial year.
    Or perhaps pay more than a certain % of their turnover in UK taxes.
  • jimjames
    jimjames Posts: 18,799 Forumite
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    gadgetmind wrote: »
    Whereas I have close to zero in cash ISAs and have made hay with S&S ones.

    Each to their own.

    Same here - except I do actually have zero in cash ISAs and everything else in S&S.

    Other than the headline petrol tax cancellation there doesn't seem to be anything unexpected.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    jimjames wrote: »
    Same here - except I do actually have zero in cash ISAs and everything else in S&S.

    I'll be the same as of April next year. In April 2008, I got cold feet and we did cash ISAs for once, four year ones at 4% pa. Not a bad move in retrospect, but they'll be rolled into S&S when they mature.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • Aegis
    Aegis Posts: 5,695 Forumite
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    opinions4u wrote: »
    Perhaps they should have launched a new British Investment ISA.

    £10,000 tax free limit, in addition to other ISA limits, where the money has to be invested in companies that employ 90% or more of their staff in the UK and have a turnover of less than £50m in the last financial year.

    Or the AIM market.
    I'm fairly sure I heard that the existing ISA regime will be allowing investments into AIM-listed companies at some point soon. I was busy noting down other stuff at the time though, so I don't have the full details.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Aegis wrote: »
    I'm fairly sure I heard that the existing ISA regime will be allowing investments into AIM-listed companies at some point soon. I was busy noting down other stuff at the time though, so I don't have the full details.

    It's all in the statement.

    http://cdn.hm-treasury.gov.uk/autumn_statement_2012_complete.pdf

    They will be consulting on if/when/how to allow it.

    TBH, what is/isn't allowed in SIPP/ISA/unwrapped is a right mess and loads of platforms let you buy stuff in a wrapper that shouldn't really be allowed in there.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    gadgetmind wrote: »
    TBH, what is/isn't allowed in SIPP/ISA/unwrapped is a right mess and loads of platforms let you buy stuff in a wrapper that shouldn't really be allowed in there.
    And vica versa. XO initially preventing me adding AIM stocks to my ISA which should have been allowed as they were dual listed on other exchanges. To be fair when I explained why they did qualify they very promptly removed the restrictions and I was then able to buy them.
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