Petition Scrap stamp duty on share transactions bought within an ISA
By reducing cash ISA limits to push stocks and share ISA's, government will take more in tax than from traditional interest. 20k means multiple stamp duty payments of £100 if stocks are traded. If the government are serious about people investing to better their savings, scrap stamp duty in an ISA.
More details
It is an absolute disgrace that government is penalising savers by increasing tax to 22% on interest whilst reducing cash limits in ISA's and pushing people into stock market investing where the government takes 0.5% of every £ invested regardless, of that being in an ISA / SIPP or regular account, and regardless of whether the investment makes a profit or loss. Stamp duty is a tax and as no place in an ISA wrapper.
38 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament