IMA calls for annual ISA limit increase

In its pre-Budget submission to the Chancellor of the Exchequer, the IMA also advocates the abolition of the fund-specific Stamp Duty Reserve Tax (SDRT) regime, and "fair, non-discriminatory treatment of offshore investments". IMA chief executive Richard Saunders says: "It is important a clear message is delivered about the benefits of long term saving. "With this in mind we are calling for the Government to help savers and pensioners by increasing the ISA limit annually at least in line with inflation and to abolish the requirement for people to turn their pension savings into an ann...