Quote Originally Posted by Yak View Post
I did say it?s a possibility. My issue is that again people who have worked hard are being targeted it?s a quick win just tax and more tax for the working.
How much revenue will it generate?
How much we spending on carbon capture?
How much we spending on Ukraine?
I could go on.
An ISA with ?20,000 in is not super rich it?s for hard working people to have. This government doesn?t like that though it?s a resentment that they need to act on and give it to ? Well not the hard working that?s for sure.
So you say it's only a possibility and then get cross about it again.... Isn't that a bit of a waste of nervous energy?

I agree that an ISA limit of 20, 000 p.a. is not a super rich thing, but it's beyond the reach of many people as is the 4,000 p.a. limit that us being talked about for cash ISAs.

The move wouldn't generate any additional government revenue if investors invested their 'extra' 16k in stocks and shares ISAs after putting 4k in a cash ISA. The idea isn't about government revenue- its about putting the money to work by investing in businesses.