IMA calls on Govt to regularly raise ISA limits

The trade body is urging the Government to regularly increase the limits for ISAs and CTFs at least in line with inflation. Linked to this, and coupled with the need to encourage not penalise personal saving, the IMA has also called on the Government to consider abolishing stamp duty. It argues this tax erodes the value of individuals' retirement and other savings, including in flagship Government schemes such as CTFs, ISAs, stakeholder pensions and the proposed new Personal Accounts. The IMA has also expressed its concern on the competitiveness of the UK funds industry. This follows res...