Stock + Share ISA

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Stock + Share ISA

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Remove the 10% dividend rate on SS ISA.

ISA i assumed was a tax free wrapper where i could safely invest up to the annual limit into a cash or SS isa and not be taxed on my investment

This is a false assumption. A cash ISA does not get taxed on the interest. but if you were to put money into a SS ISA divdends are taxed at 10%, never mind if you are a basic rate tax payer or a higher rate tax payer.

Also i dont understand why putting money into a SS ISA takes up our annual ISA limit if it is taxed anyway.

Therefore a SS ISA offers no benefit to lower income people over an ordinary share dealing account. The only benefit of a SS is not paying captial gains tax but for someone like myself this is not efficient due to small sums i invest and the transaction fees.

Investments should be long term.. give us an incentive to invest for our future and also remove the ban on AIM trading for SS ISA

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