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7/10/2025, 9:07:15 PM
>>510031529
Some millionaire is backing Rachel saying invest in UK or get taxed at the highest rate.
>Now, the UK’s first Isa millionaire has entered the argument - and while not suggesting a cut as dramatic as Reeves’ potential plan, says the allowance for cash savings should be halved in Isas and even that stocks and shares products should be limited to buying British-only companies.
>Speaking to the Financial Times, 82-year-old Lord John Lee said that the “whole purpose of Isas originally was to encourage saving and they have been a huge success. We do want to encourage people to save and if they want to save in a cash Isa, then fine. But the tax advantages [should not be] as attractive as [a stocks and shares] Isas.”
https://www.independent.co.uk/money/cash-isa-millionaire-savings-stocks-shares-b2710802.html
Some millionaire is backing Rachel saying invest in UK or get taxed at the highest rate.
>Now, the UK’s first Isa millionaire has entered the argument - and while not suggesting a cut as dramatic as Reeves’ potential plan, says the allowance for cash savings should be halved in Isas and even that stocks and shares products should be limited to buying British-only companies.
>Speaking to the Financial Times, 82-year-old Lord John Lee said that the “whole purpose of Isas originally was to encourage saving and they have been a huge success. We do want to encourage people to save and if they want to save in a cash Isa, then fine. But the tax advantages [should not be] as attractive as [a stocks and shares] Isas.”
https://www.independent.co.uk/money/cash-isa-millionaire-savings-stocks-shares-b2710802.html
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