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Ban foreign stocks from Isa wrapper, says top pensions boss
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NEWSDECK ANALYSIS
The Individual Savings Account (Isa) wrapper is a tax-free savings incentive offered by the UK government to encourage individuals to save and invest. Stocks and shares Isas, in particular, allow investors to hold a range of investments, including stocks, bonds, and other securities, without paying income or capital gains tax on the returns. Restricting the Isa wrapper to UK assets, as proposed, could have significant implications for investors' portfolio diversification and investment strategies.
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Ban foreign stocks from Isa wrapper, says top pensions boss
The tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets, according to the chair of a top pension fund who also called for an inheritance tax carve-out for retail investors who buy government bonds. Speaking at an event, Standard Life chair Nicholas Lyons argued limiting the tax incentive [...]
28 Jul, 04:00
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