Having looked at it a bit more it looks like a pretty poor token effort, the limit is peanuts and the gains will be the price of a cup of coffee a day at Pret.Count Steer wrote: ↑Fri Mar 08, 2024 6:17 pm
I had a dig into the doc. Yeah, it'll probably end up like the PEP. They clearly want to include stuff like companies on AIMs but are steering clear of where the majority of a company trade is, which makes sense.
Watch this space I guess.
I doubt I'll be bothering.
They should have raised the ISA limit across the board and had done with it.
Or at least something inventive, where the limit is scaled based on age and any tax advantage is scaled depending on how long you leave it there.
E.g. if you're over fifty-five your limit per year is a hundred grand and gains are non-taxable, giving older people somewhere to put their money to help them provision for the near future. Whereas a twenty-five year old could have a limit of twenty-five grand with no tax to pay as long as they don't withdraw the capital for ten years, or something.
I haven't really thought the above out properly, but if you're twenty-five you need quite a different plan and benefits than if you're fifty-five or sixty where you might not be able to put your money in and wait it out for a couple of decades.