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Finally... ISA increase... sort of

older_and_no_wiser · 2024-03-06 15:09:03

Well we are now allowed to contribute an extra £5000 a year into an ISA.... as long as it's into UK funds/companies. I wonder how they'll police that and how investment platforms will market it. Will it be worth a punt for those who have hit the £20k limit elsewhere? The higher returns of non UK funds (even after tax) will…

Comments

wmb194 Posts: 5,760 Forumite

7 March 2024 at 1:22PM edited 7 March 2024 at 1:23PM

intalex said:

Sounds to me like the BISA's main purpose might be to simply try and make the LSE more attractive for listings?

Yes, and to boost liquidity in the secondary market. London is slowly ebbing away. Including today with Virgin Money, in just the past few weeks three FTSE250 companies have agreed takeovers and another, Direct Line, received an approach that it turned down but the bidder could be back.

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