Your Oracle chats appear here once you're signed in.
Sign up
By reducing cash ISA limits to push stocks and share ISA's, government will take more in tax than from traditional interest. 20k means multiple stamp duty payments of £100 if stocks are traded. If the government are serious about people investing to better their savings, scrap stamp duty in an ISA.
React
Members can read every reason.
Abolish 0.5% Stamp Duty Reserve Tax on UK-Listed Equities
In order to promote more investment in UK industry by domestic & international investors the government should remove the current 0.5% Stamp Duty Investment Tax on UK listed Equities.
Abolish stamp duty for cohabiting couples who split & buy share of co-owned home
If a cohabiting couple split up & one party would like to buy the other out of the family home to remain & create stability for children etc then stamp duty is liable on any share of the house bought from the leaving party & the mortgage debt taken on. Married couples do not pay this tax.
Fund Stocks & Shares ISAs for every child, transitioning to pensions as they age
Create a fund for every child from birth, giving them £5,000 (inflation-linked) in a government-backed Stocks & Shares ISA, invested in low-risk diversified funds with parental and post-18 top-ups allowed, to transition into a personal pension as they age and help reduce state dependence in old age.
Keep Lifetime ISA for retirement savings & make a new ISA for first time buyers
I urge the Government to keep the current Lifetime ISA for retirement savings and reconsider scrapping or reforming it. We believe it is not a complicated product for those who use it to save for their future retirement and that first time buyers seem to be the ones having issues.
By reducing cash ISA limits to push stocks and share ISA's, government will take more in tax than from traditional interest. 20k means multiple stamp duty payments of £100 if stocks are traded. If the government are serious about people investing to better their savings, scrap stamp duty in an ISA.
React
Members can read every reason.
Abolish 0.5% Stamp Duty Reserve Tax on UK-Listed Equities
In order to promote more investment in UK industry by domestic & international investors the government should remove the current 0.5% Stamp Duty Investment Tax on UK listed Equities.
Abolish stamp duty for cohabiting couples who split & buy share of co-owned home
If a cohabiting couple split up & one party would like to buy the other out of the family home to remain & create stability for children etc then stamp duty is liable on any share of the house bought from the leaving party & the mortgage debt taken on. Married couples do not pay this tax.
Fund Stocks & Shares ISAs for every child, transitioning to pensions as they age
Create a fund for every child from birth, giving them £5,000 (inflation-linked) in a government-backed Stocks & Shares ISA, invested in low-risk diversified funds with parental and post-18 top-ups allowed, to transition into a personal pension as they age and help reduce state dependence in old age.
Keep Lifetime ISA for retirement savings & make a new ISA for first time buyers
I urge the Government to keep the current Lifetime ISA for retirement savings and reconsider scrapping or reforming it. We believe it is not a complicated product for those who use it to save for their future retirement and that first time buyers seem to be the ones having issues.
