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27 March 2010

Are Stoscks And Shares ISAs still worthwhile?

Just what are the benefits of a Stocks And Shares ISA these days? Given that most people do not use their annual Capital gains allowance, I understand that any dividend interest is no longer exempt from tax and if it makes a loss, you are not covered by the FSA/FSCS for compensation. So where is the benefit unless you exceed your capital gains allowance. Also, unless you were spot on with the timing of your purchase, the returns on even a $7200 investment haven't been great for the majority. Consequently, any growth is likely to be negligible the tax will be correspondingly insignificant in real/monetary terms also. Even when it goes to £10,200, will it be worth it without the Government protection from Capital Losses?

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