Should cash ISA limit become £4,000? Industry survey says no

Just a quarter (25%) of 51 survey takers, which included IFAs, restricted advisers and other industry stakeholders, said they would support the move. Meanwhile, 6% were unsure. The verdict comes as cutting the cash ISA allowance limit has been touted as a route the government could take to encourage greater investment in stocks and shares as it looks to boost UK growth. Prior to the Spring Statement on 26 March, City firms were said to have been lobbying the government to trim down the limit to as low as £4,000. The government has confirmed that it is investigating ISA reform options ...