Lootman wrote:Grumpsimus wrote:There was a little more detail about the British ISA in an article in the 'i' newspaper today.
Apparenty, you will be able invest another £5000 in your ISA, if you invest in shares listed on UK stock market. The idea seems to be to boost activity on the UK stock market. The article was doubtful if this would really make much difference. It appears only 15% of ISAs actually get to £20000 anyway.
Amusingly this is how the original PEPs started in 1987. The subscription amount was higher if you bought UK-listed shares than if you wanted funds or foreign shares.
Full circle, I love it. I would do an extra 2 times £5000 a year as my wife and I always max out. The problem is more finding a UK share I want to own - will ITs be included?
Wouldn't that incentivise selling any existing UK holdings in order to buy them back to utilise the extra allowance