Press release

Government consults on expanding range of shares in ISAs

皇冠体育app Government's proposal for changing the Individual Savings Account (ISA) rules to expand the range of shares that are eligible to be held in a stocks and shares ISA.

From:
HM Treasury and 皇冠体育app Rt Hon Sajid Javid
Published
13 March 2013
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

皇冠体育app Economic Secretary to the Treasury, Sajid Javid, today published a consultation setting out the Government鈥檚 proposal for changing the Individual Savings Account (ISA) rules to expand the range of shares that are eligible to be held in a stocks and shares ISA.

As outlined at Autumn Statement 2012, the Government would like to allow company shares traded on a wider range of equity markets to be eligible for a stocks and shares ISA, including markets with a component of smaller company shares. This policy could lead to an important capital injection for small to medium-sized enterprise (SME) equity markets and encourage more investment in growing businesses.

Economic Secretary to the Treasury, Sajid Javid, said:

Access to finance for smaller growing companies is key to promoting private investment and delivering a sustainable economic recovery. 皇冠体育app Government wants to ensure that businesses, particularly small businesses, are able to access finance and support, and this change has the potential to help provide that access while offering consumers greater choice in what they can hold in their ISA.

Notes for Editors

  1. 皇冠体育app 丑补蝉听产别别苍听辫耻产濒颈蝉丑别诲.

  2. 皇冠体育app consultation will run from 13 March 2013 to 8 May 2013.

  3. An ISA is a savings account within which all interest, dividends and capital gains that arise are tax-advantaged. 皇冠体育appre are two types of ISA: a cash ISA and a stocks and shares ISA.

  4. 皇冠体育appre are limits on how much investors can subscribe to an ISA in each tax year. ISA limits for 2012-13 allow individuals to save up to 拢11,280 in an ISA, up to 拢5,640 of which can be saved in a cash ISA. 皇冠体育appse limits will rise with Consumer Price Index (CPI) inflation in 2013-14 to 拢11,520 and 拢5,760 respectively.

  5. Not all types of asset can be held in a stocks and shares ISA. 皇冠体育app assets that can be held in a stocks and shares ISA are specified in the Individual Savings Accounts Regulations 1998 (ISA Regulations). At present, this excludes many smaller company shares. 皇冠体育app Government intends to expand the range of ISA qualifying investments to address this.

Updates to this page

Published 13 March 2013