ISA limit increase branded a 'trick' to claim more cash

Premier Wealth Management managing director Adrian Shandley believes the motivation behind the Chancellor’s ISA adjustment is purely based on collecting more from consumers, by encouraging people to transfer from cash to unit linked ISAs. Shandley is speaking in response to two reports released by Treasury economic secretary Kitty Ussher MP earlier this week, in which she noted the Government's ISA tax incentives have been “successful” in encouraging savings. But Shandley says the Government wants to shift the balance to unit linked ISAs, as the cash component offers far greater tax rel...