|
|
Article: Dividend tax treatment limits take-up of equity Isas.
- Article from:
- Fund Strategy
- Article date:
- November 13, 2006
CopyrightCOPYRIGHT 2006 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The government's announcement two weeks ago that it plans to simplify Isa savings wrappers has largely been welcomed by the fund industry.
Alongside committing to Isas beyond their original 2010 deadline, Ed Balls, economic secretary to the Treasury, announced plans to remove the distinctions between mini and maxi Isas, roll existing Peps into Isas and allow the inclusion of child trust funds into Isa savings wrappers. Balls said: "This open-ended commitment to the Isa will provide stability for investors and certainty for the industry."
Indeed, he bragged that since their introduction in 1999, more than 16 million people in Britain have taken out ...