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MBA MBA
Posted: 16 November 2023 19:27:29(UTC)
#47

Joined: 16/12/2012(UTC)
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Thrugelmir;286508 wrote:
Raj K;286499 wrote:

The article is not clear. Are they talking about an additional ISA ontop of the existing one or replacing what we currently have entirely.

People can already invest the full £20000 into British Companies if they want to. Its just most people dont want to.

Will the British ISA allow you to invest in Investment Trusts which are LSE listed but invest in underlying. overseas companies

The whole things seems idiotic to me. They should simply just increase the ISA allowance by 5 or 10 grand and let people invest wherever they want.


Has to form part of a more broader strategy. In itself a UK focussed ISA isn't going to address the fundamental issue of broader share ownership. Nor will abolishing stamp duty by itself be a game changer. I'm sure those clever bods in the Treasury have been evaluating all sorts of proposals for consideration.


No one thinks this is about substance. It’s naked politics and a show piece. If the Tories don’t give bungs to their base they’re toast. You might get some substance after the election if the winning party gets a decent majority
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Tim D on 16/11/2023(UTC)
MBA MBA
Posted: 16 November 2023 19:28:17(UTC)
#56

Joined: 16/12/2012(UTC)
Posts: 1,725

Thanks: 3475 times
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Tug Boat;286507 wrote:
I’d like to see NI on pensions. I’m a pensioner, but putting this burden on earners only is not on.

Well include it the overall tax burden.

This will not go down well.


Tax on NI has to be on Lab’s agenda. They desperately need to raise revenue in the first year or two.
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SSJ
Posted: 16 November 2023 19:59:02(UTC)
#45

Joined: 13/09/2010(UTC)
Posts: 512
Raj K;286499 wrote:
Chico99;286491 wrote:
I recently stumbled on the "British ISA" (a.k.a. BRISA) suggestion.
In reading up on it I saw suggestions that the current £20,000 ISA limit may be supplemented with a BRISA component...or simply increased anyway.
Then I came across this...

https://www.bgf.co.uk/bgf-calls-new-british-isa-growth/

which includes:

"A new British ISA or “BRISA” would, from next year, give taxpayers the chance to invest their full £20,000 allowance in growing the UK economy and supporting her companies. This would drive interest from a wider pool of investors and create a multiplier effect, reviving interest in raising equity in the UK, driving economic growth, spreading prosperity and boosting tax revenues. Investors could still put money into overseas firms, just without the support of an overt tax break."

I prefer carrot.


The article is not clear. Are they talking about an additional ISA ontop of the existing one or replacing what we currently have entirely.

People can already invest the full £20000 into British Companies if they want to. Its just most people dont want to.

Will the British ISA allow you to invest in Investment Trusts which are LSE listed but invest in underlying. overseas companies

The whole things seems idiotic to me. They should simply just increase the ISA allowance by 5 or 10 grand and let people invest wherever they want.

I agree. It's shocking how many big wigs will sign something so vague and ambiguous.

I think it will crumble when the practicalities and details are thrashed out; your IT point is just one of many. What about bonds? What about cash? What about UK registered companies that operate globally? What stock markets are allowed/disallowed? Will funds have to "qualify"? etc etc.

Or maybe it will start out how PEPs did in the '80s and then gradually expand in coverage until they are merged into regular ISAs in about 10 years time.
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Thrugelmir
Posted: 16 November 2023 20:31:53(UTC)
#48

Joined: 01/06/2012(UTC)
Posts: 5,333
MBA MBA;286520 wrote:
Thrugelmir;286508 wrote:
Raj K;286499 wrote:

The article is not clear. Are they talking about an additional ISA ontop of the existing one or replacing what we currently have entirely.

People can already invest the full £20000 into British Companies if they want to. Its just most people dont want to.

Will the British ISA allow you to invest in Investment Trusts which are LSE listed but invest in underlying. overseas companies

The whole things seems idiotic to me. They should simply just increase the ISA allowance by 5 or 10 grand and let people invest wherever they want.


Has to form part of a more broader strategy. In itself a UK focussed ISA isn't going to address the fundamental issue of broader share ownership. Nor will abolishing stamp duty by itself be a game changer. I'm sure those clever bods in the Treasury have been evaluating all sorts of proposals for consideration.


No one thinks this is about substance. It’s naked politics and show pieces. If the Tories don’t give bungs to their base their toast. You might get some substance after the election if the winning party gets a decent majority


The market didn't think the budget was a showpiece of political posturing last year. While the media focuses on the parts it understands i.e. personal matters. The real meat of the budget is in the small print. This will be a budget with a focus on business. Share markets for instance serve a primary purpose of providing an access to and raising of capital. Not just a fruit machine where people take gambles to enhance their wealth.
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MBA MBA
Posted: 16 November 2023 21:50:50(UTC)
#49

Joined: 16/12/2012(UTC)
Posts: 1,725

Thanks: 3475 times
Was thanked: 3599 time(s) in 1156 post(s)
Thrugelmir;286526 wrote:
MBA MBA;286520 wrote:
Thrugelmir;286508 wrote:
Raj K;286499 wrote:

The article is not clear. Are they talking about an additional ISA ontop of the existing one or replacing what we currently have entirely.

People can already invest the full £20000 into British Companies if they want to. Its just most people dont want to.

Will the British ISA allow you to invest in Investment Trusts which are LSE listed but invest in underlying. overseas companies

The whole things seems idiotic to me. They should simply just increase the ISA allowance by 5 or 10 grand and let people invest wherever they want.


Has to form part of a more broader strategy. In itself a UK focussed ISA isn't going to address the fundamental issue of broader share ownership. Nor will abolishing stamp duty by itself be a game changer. I'm sure those clever bods in the Treasury have been evaluating all sorts of proposals for consideration.


No one thinks this is about substance. It’s naked politics and show pieces. If the Tories don’t give bungs to their base their toast. You might get some substance after the election if the winning party gets a decent majority


The market didn't think the budget was a showpiece of political posturing last year. While the media focuses on the parts it understands i.e. personal matters. The real meat of the budget is in the small print. This will be a budget with a focus on business. Share markets for instance serve a primary purpose of providing an access to and raising of capital. Not just a fruit machine where people take gambles to enhance their wealth.


That’s what they used to be. The late King Lodos of this parish used to say that the vast majority of the stockmarket is secondary trading and has little to do with raising capital. We are just selling shares to each other in large part
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Guest on 17/11/2023(UTC)
Jonathan Friend
Posted: 17 November 2023 10:15:52(UTC)
#59

Joined: 19/09/2022(UTC)
Posts: 1,282

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The biggest tax of all isn't really affected by the budget.

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4 users thanked Jonathan Friend for this post.
Guest on 17/11/2023(UTC), Lesley J on 17/11/2023(UTC), andy on 17/11/2023(UTC), Chris1986 on 22/11/2023(UTC)
eain
Posted: 17 November 2023 13:54:27(UTC)
#57

Joined: 29/10/2012(UTC)
Posts: 321
MBA MBA;286521 wrote:
Tug Boat;286507 wrote:
I’d like to see NI on pensions. I’m a pensioner, but putting this burden on earners only is not on.

Well include it the overall tax burden.

This will not go down well.


Tax on NI has to be on Lab’s agenda. They desperately need to raise revenue in the first year or two.

Doubt it!
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Thrugelmir
Posted: 17 November 2023 15:15:16(UTC)
#50

Joined: 01/06/2012(UTC)
Posts: 5,333
MBA MBA;286533 wrote:
Thrugelmir;286526 wrote:
MBA MBA;286520 wrote:
Thrugelmir;286508 wrote:
Raj K;286499 wrote:

The article is not clear. Are they talking about an additional ISA ontop of the existing one or replacing what we currently have entirely.

People can already invest the full £20000 into British Companies if they want to. Its just most people dont want to.

Will the British ISA allow you to invest in Investment Trusts which are LSE listed but invest in underlying. overseas companies

The whole things seems idiotic to me. They should simply just increase the ISA allowance by 5 or 10 grand and let people invest wherever they want.


Has to form part of a more broader strategy. In itself a UK focussed ISA isn't going to address the fundamental issue of broader share ownership. Nor will abolishing stamp duty by itself be a game changer. I'm sure those clever bods in the Treasury have been evaluating all sorts of proposals for consideration.


No one thinks this is about substance. It’s naked politics and show pieces. If the Tories don’t give bungs to their base their toast. You might get some substance after the election if the winning party gets a decent majority


The market didn't think the budget was a showpiece of political posturing last year. While the media focuses on the parts it understands i.e. personal matters. The real meat of the budget is in the small print. This will be a budget with a focus on business. Share markets for instance serve a primary purpose of providing an access to and raising of capital. Not just a fruit machine where people take gambles to enhance their wealth.


That’s what they used to be. The late King Lodos of this parish used to say that the vast majority of the stockmarket is secondary trading and has little to do with raising capital. We are just selling shares to each other in large part


Sounds more like the property market since 1996. Wealth built on an ever increasing amount of debt. No one has to actually work anymore.
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2 users thanked Thrugelmir for this post.
MBA MBA on 17/11/2023(UTC), ANDREW FOSTER on 20/11/2023(UTC)
MBA MBA
Posted: 20 November 2023 07:34:54(UTC)
#60

Joined: 16/12/2012(UTC)
Posts: 1,725

Thanks: 3475 times
Was thanked: 3599 time(s) in 1156 post(s)
Looks like Hunt is just going to announce a bureaucratic change or maybe even a consultation on a change for ISA regime. No increase in allowance. If that’s a flavour of Wednesday’s ‘budget’, the Etonians, Charterhouse, and Winchester boys are even more out of touch than I had thought. I see Reform are polling 10%.
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1 user thanked MBA MBA for this post.
Guest on 20/11/2023(UTC)
ANDREW FOSTER
Posted: 20 November 2023 07:50:29(UTC)
#51

Joined: 23/07/2019(UTC)
Posts: 8,125
Thrugelmir;286601 wrote:

Sounds more like the property market since 1996. Wealth built on an ever increasing amount of debt. No one has to actually work anymore.


Yes, I saw an analogy once of how three estate agents and a shed were washed up on a desert island and all three of them managed to make a living...
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