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Article: Northern Rock savers to be allowed to restore lost ISA tax advantages.
- Article from:
- M2 Presswire
- Article date:
- October 18, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. 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)
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M2 PRESSWIRE-18 October 2007-UK Government: Northern Rock savers to be allowed to restore lost ISA tax advantages(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:18102007
The Economic Secretary, Kitty Ussher, today announced that the Government would allow people who during the recent financial market disruption withdrew cash from Individual Savings Accounts (ISAs) held at Northern Rock - and in the process lost their tax advantages - to re-deposit that money into a cash ISA with Northern Rock or any other provider, restoring their tax advantages.
Kitty Ussher said: "To ensure that Northern Rock ISA savers are not penalised by the financial instability ...