Les Cameron: ISA stats lead to planning thoughts
ISA tax relief cost £3.3bn in 2018/19
ISAs are great for many people but for those in cash, approaching or in retirement or falling into the ever-expanding IHT net better outcomes can be achieved, writes Les Cameron. And he's got the stats to back it up...
I was perusing the ISA statistics from June 2020 the other day. Remember maxis and minis? And the allowance was £7,000 when launched back in 1999! It stayed there initially then started increasing by inflation...
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