Reeves' ISA review

Alpine_Star

Latest from FT Online.

Kim_13

Under the previous Labour government, rounding was done so that the figure was divisible by 12, so this would be a continuation of that. £1,000 a month feels a lot better than £833.33, even though it’s not that much more.

boingy

You've got to be a bit scared of a Chancellor who thinks that Cash ISAs and S&S ISAs serve the same purpose for most people.

Alpine_Star

boingy said:

You've got to be a bit scared of a Chancellor who thinks that Cash ISAs and S&S ISAs serve the same purpose for most people.

Quite.

Stocks & shares ISAs (Individual Savings Accounts) shouldn't actually be called ISAs at all.

Sea_Shell

ivormonee said:

One is investment in stocks etc. with associated risk, and the other is keeping money in cash on deposit in return for an interest payment - two completely different things. The "ISA" just means that there is no tax to pay - it is not the type of product. Rach from a/cs just doesn't get it.

I think they meant the "S" in ISA was misleading when discussing S&S' ISAs 😉

ivormonee

More newspapers are reporting the latest pseudo-leaks from the govt. today in relation to a £12k cap on cash ISAs, first mentioned a few days ago but now being more widely reported. Again though, it's just speculation.

Swipe

Fiddling while Rome burns

ivormonee

By way of preparation, what would be the most cash-like ETFs that one could use in an S&S ISA in lieu of a reduction in the cash ISA allowance should it arise?

MeteredOut

ivormonee said:

More newspapers are reporting the latest pseudo-leaks from the govt. today in relation to a £12k cap on cash ISAs, first mentioned a few days ago but now being more widely reported. Again though, it's just speculation.

Papers just copy each other, so it could be a leak, or it could just be a rumour echo to fill space.

MeteredOut

ivormonee said:

By way of preparation, what would be the most cash-like ETFs that one could use in an S&S ISA in lieu of a reduction in the cash ISA allowance should it arise?

There are money market ETFs (eg, CSH2) but *if* there are restrictions, I'd fully expect cash equivalent funds/ETFs to have the same restrictions.