Might as well

I’ve got a couple of British companies in my ISA already and they’ve not done that well. Maybe because we have a Tory government eh Jezza?

Just as well the gains will be tax free eh

Is it on top of existing allowances?

If so I will and I will fill it up with the governments Natwest share sell off to start with. That has nearly as much potential for easy money as the Royal Mail IPO did in my opinion.

Yeah it's 20k (which can include 4k Lisa) plus 5k BRITAAAAAIN ISA

Making ISA millionaire status that little bit closer

Heh@cookie. Yeah what's the tax saving on a gain of -3.6%, the FTSE 100 performance over the last year?

Hi everyone.  Can you explain to me how this British ISA thing works?  The Tories say it will drive investment in the UK.  But how are corporates going to be classified as British for the purpose of investment?  A listing on the London Stock Exchange?  But aren't most of the FTSE 100 companies largely doing business outside the UK?   I'm not seeing how this is going to be effective.  Is this just a bung to the gammons?

It’s a tax on stupidity given the market ffs. 

How many times do these c unts in government need to hear it - No you can’t have any more of my money

I’ve been getting the equivalent of about 8% interest on my Premium bonds over the last year.

Be lucky Cookie

Max investment of £50k I see. 

ROFLMAO

Compared with £5k per annum on a BritIsa.

What’s your point, caller?

Riigghhhhttt

Marshall, you could get a 10% yield on British American Tobacco in one of these new iSAs.

That's another £500 income tax free that you can compound.

But you could lose  some of your BAT capital, whereas PBonds are safe as lighthouses.

The meat has long since been picked from the bones and the bones ground into dust. This must be some sort of "greater fool" exit strategy.

I don't think this is about supporting British companies (Asda, Boots), but it rather about supporting the London equity markets (e.g. resources companies), but the government hasn't quite worked it out yet. 

The great unwashed don't understand the difference anyway.

The budget papers simply refer to investing in "UK equities" (which could be any UK-listed share), but also refers to investing in "UK-focused assets" (which suggests something quite different).

The government says it will "consult on the details", which means it doesn't really know what this is for, and it will probably never happen.

I would imagine that fund providers will develop trackers that are UK-ISA-eligible, and mirror trackers that are normal-ISA-eligible, which will allow people to replicate the effect of a global equities portfolio, but with a £25k annual ISA allowance, rather than today's £20k. Simple, eh?

The government says it will "consult on the details", which means it doesn't really know what this is for, and it will probably never happen.

This.

Sic transit Gloria Hunniford 

well i 4 1 find it impossible 2 believe that this tozza govt would announce a st7ment policy which it hasn’t worked out wot it is 4, doesn’t kno how 2 implement and probably won’t b able 2 neway.

it feels slightly out of character

Looking forwards to getting plum-deep in U.K. P.l.c.

Jezza Hunt will be smarting from China P.l.c’s poor performance recently. On the upside, they probably pay him in cash.

Isn’t his wife Chinese or Japanese but he can’t remember?

There's a song he sings to remind himself.

FT thinks BRISA is a nothing burger - only an absolute minority fill even their current ISA allowances so cant see why a little extra into an underperforming market woudl shift the dial.

They will presumably put the definitions etc. on the brokers to implement - if they make it too complicated then the products simply wont get to market. 

https://en.m.wikipedia.org/wiki/Personal_equity_plan

it's literally pointless, save inasmuch as it raises the ISA envelope

a balanced portfolio will simply reduce GB exposure in other ISA envelopes

CBA to read any of the material on this but how have they defined (or more likely failed to properly think about defining) a "British company"? 

We know one when we see one

For every £140k you have in a global equity tracker you could make 135k of this ex UK and put the rest in a UK equity tracker within the BritISA for the same balance.

I doubt it'll happen, but if it does then perhaps in conjunction with the other ISA allowances being reduced to £15k under Labour.

Isn't the point of it simply to encourage investments in companies that are listed on UK markets, to reinvigorate the LSE etc? 

I don't think there's any need for the money to be invested in UK companies to achieve that. in fact the opposite would be true. 

This should create a pool of capital that attracts companies from anywhere to list in london. 

I can't believe they announced it but had so little clue what to do with it they need to run a consultation

oh wait yes I can

VUSA.L job done.  I'm not sure how this would invigorate the LSE though.  I assume they'll prohibit ETFs and investment trusts in which case I'd do whatever mimics the S&P 500 the closest.  Are there US GDRs in London?  Would these be banned too?

That's a very good point Heff. At best this might result in someone's entire ISA allocation moving slightly towards British assets (i.e. if they currently allocate less than 20% to UK equities).

It’s a total joke. How little faith in our economy does this comedy chancellor have that this is the best incentive he can give ordinary people with little if nothing to save??