Are ISAs about to become more popular?
With the tightening of tax relief on pension contributions for people with income over £130,000, and the proposed blanket restriction on pension contributions from next April, are ISAs an alternative for long-term savings?
ISAs have tax concessions; you pay in out of taxed income, but the growth and output are free of tax.
Money invested in an ISA can be accessed at any time giving you control over your money which could make ISAs an attractive option.
Date: 13th August, 2010
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact a Private Client Partner
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole