Wouldnt this just contribute to inflation in house prices? Excess money above Ā£500k would just be invested in real estate instead?
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Potentially so many consequences, but it would be giving them too much credit to think that they will take any of that into consideration 
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Interesting one this as if they hit both ISA and pension relief we are hurtling towards generations not being able to fund their retirement. We are told not enough people invest for their future in this country and this will compound this.
Reduce the limit to 10k for me, may increase consumer spending for those who currently pay the full 20k in or encourage an increased amount of money to be put into pensions.
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I have been grappling with this and the conclusion I have reached for myself is that I dont believe this Labour Government is for wealth building.
Although I am nowhere near any sort of limit that is potentially proposed here I can see this killing any asperation to do so in investing and saving if they intend to tax you to death the moment you reach these limits.
I am aware everything right now is just speculation but itās all geared towards one direction in this upcoming budget.
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Conspiracy theory, governments feed false info to the media so when the actual budget details are released there is a sense of āwel that isnāt as bad as i thoght it would beā even though it was never going to be that bad in the first place.
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A 500k lifetime cap on the ISA will in no way at all prevent me from saving and investing or reduce my movitation to do so. Iāll consider myself a winner if I get anywhere near having that much in my ISA!
Iām not going to waste time feeling sorry for any ISA millionaires out there either, they are clearly doing far better than the majority of people on this damp little island. I know you can get there by To The Moon gains, but I wonder how many people can actually afford to save the full ISA limit every year. Itās not far off the median salary.
If Iām ever rich enough to have the awful problem of having āCompletedā my ISA and maxed out my pension then Iām sure Iāll be rich enough to just use offshore shennanigans to avoid paying towards the society I live in and which gave me the opportunity to accumulate so much in the first place.
End of rant. Time for milking.
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Couldnāt agree more. In fact if I had 500k in an isa I would be on a beach somewhere :).
I can understand a contribution limit of 500k but I canāt see how a value is workable. After all what if one of your investments suddenly booked (I.e Nvidia) would you be taxed on the additional value?
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But if you held 20 stocks, which one pushed you over the limit. I donāt see how itās easy to police at all. Unless once you reach the cap, no more contributions for you, but gains can ride? But then surely anything over would be taxable? But how lol
Essentially forcing you to sell assets to pay your taxes.
Crap ideas like this will force people to cash out and leave
Instead of a ceiling, just cap the contributions.
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Taxing gains over that amount is unmanageable unless they begin taxing unrealised gains (which is ludicrous). Would they dictate what needs to be sold and if you sell and the price of your portfolio drops below the 500K limit due to a market crash would they still expect you to pay!?
If it is to target the well off, the best approach would be to target lifetime contributions or lower the amount that can be added tax free.
On the point of asperation, I am sure as hell going to put as much as i can and continue to invest. Policy isnāt going to prevent that, itās a broader sentiment I can see occuring. When bemoaning the practice of saving because some people can afford to save more than others is not equalling the playing field it is creating an āus aginst themā mentality and reinforcing āonly the rich can investā. 
You wouldnt be on the beach you would be hungry to make more moneyš
Did anybody getting making up scenarios in their head and getting enraged by them actually read the article ? Itās something she wrote about 8 years ago. The capacity of newspapers to twist gullible peopleās thinking never ceases to amaze me.
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Itās something she had views on years ago but that doesnāt mean to say her views have changed and she now has the power to implement them. As I said in my post itās all speculation.
Whilst I agree that worrying about something you have no control over is pointless, calling people gullible is pretty crazy.
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Having worked in the press for the best part of two decades, Iād agree.
No journalist Iāve ever met sets out to twist peopleās thinking even though some papers have clear political leanings.
But what we try to do is to create a context in which other people can think and make up their own minds. I think thereās a subtle but important difference there.
Thereās a public interest in examining the chancellorās previous statements, especially when itās the longest time a new government has taken to bring forward a budget in decades.
Gullible : easily persuaded to believe something.
Seems a pretty accurate description of some of the reactions here Iām afraid.
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Good morning 
-
As usual we selected the best articles published in the past few days 
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Portfolio Construction
Stocks vs Bonds: Bonds are riskier? 2.7% Withdrawal Rate? Hereās What Ben Felix and Scott Cederberg Might Be Getting Wrong
Strategy: 5 Investment Lessons From the Best Investing Books
Trend Following: T-bills Contribution to Trend Following Returns
US Equities: S&P 500 experiencing strongest performance in 21st century
Gold: Robeco Report on Gold being back as an asset class
ETFs
Factor ETFs: Robeco launches a series of UCITS Factor ETFs
Currencies: Slashing FX Costs! In Which Currency Should I Buy ETFs?
Private Credit: A closer look at State Street and Apolloās ETF
Active Investing
UK Equities: JP Morgan - A value opportunity, not a value trap
Emerging Market Bonds: Goldman Sachs Summary on this asset class
Active Investing: What Does a Once-in-a-Generation Opportunity Look like?
US Election: Should I be worried about the US election?
Wealth & Lifestyle
Early Retirement: How To Retire a Few Decades Early
Real Estate: Comments on Renting vs. Owning a Home
The Low Stability of High-Income Jobs
Retirement: Goldman Sachs Retirement Report
Advisors: Discuss These 7 Retirement Issues - Clients Disagree
And Also
Health: The Top 20 Causes of Death in 2021
Wall Street: Jane Street interns make more than Starmer and Powell
Bikepacking: Sneak Peaks - Stories from the Two Fastest Riders
Have a great Saturday!
Francesca from BoW Team 
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I read somewhere they are going to take gullible out of the dictionary.
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Gullible isnāt even in the dictionary
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