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Chancellor's Autumn Statement
Comments
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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.
I'm curious to understand why S&S ISAs are of no interest. You don't just have to have shares in them and the income could be substantially higher than you can get on a cash ISA. I can understand why someone age 80 might not want one but is there some other reason why they are of no interest?Remember the saying: if it looks too good to be true it almost certainly is.0 -
I'm curious to understand why S&S ISAs are of no interest. You don't just have to have shares in them and the income could be substantially higher than you can get on a cash ISA. I can understand why someone age 80 might not want one but is there some other reason why they are of no interest?
Because he wants to benefit from the tax benefit ONLY.
You put CASH into an ISA, so he wants CASH back out again, without risk.0 -
Because he wants to benefit from the tax benefit ONLY.
The benefit is that both income and capital gains are tax free. Cash generates little of the former and close to zero of the latter.You put CASH into an ISA, so he wants CASH back out again, without risk.
Risk free returns are currently negative in real terms. That sounds pretty risky to me.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.0
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