Investment commentators have welcomed Emma Reynolds' remarks reaffirming that the government will contemplate wholesale changes to ISAs ahead of the Autumn Budget, but called for a holistic approach to the reform, including ways to support investors in making educated choices.
While giving evidence to MPs on the future of the Lifetime ISA (LISA) yesterday (23 April), the economic secretary to the Treasury suggested all courses of action, including a single ISA product, were being considered to encourage personal investment in the UK. Quilter tax expert Shaun Moore said the government is aware the UK has a cash savings problem, with over 12 million people holding more than £10,000 in cash savings. "This reform needs to be about more than just the product; we need to consider how people are supported and educated to make investment choices. This is why it is ...
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