Isas lack tone and muscle
Article Abstract:
Many observers believe that the UK government is attempting to raise personal taxation by replacing current tax-free investment schemes with Individual Savings Accounts (Isas). The government claims that Isas will encourage the less well off to save, possibly for the first time. In contrast, fund managers believe that Isas will not offer a sufficiently attractive incentive for saving. Furthermore, Isas will prove unattractive because of their perceived complexity, as is the case with existing tax shelter products.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Short-lived but good-looking
Article Abstract:
A number of attractive new personal equity plans (Pep) will be made available in the UK in 1998. GT Global plans to launch the UK Key Trends fund, which will form 75% of its new packaged Pep product, the Thematic Growth Pep. Schroders is already making available a packaged smaller companies Pep with minimum investment of 6,000 pounds sterling, while HSBC has launched two tranches of a two-year capital-protected Pep. These will be open to new investment until Feb 5, 1998, and Mar 5, 1998, respectively.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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