Possible new ISA rules26 Jun 2025 12:54
(Taken from Kitco)
“The proposal to cap cash ISAs at £10,000 and divert the rest into UK equities might serve the markets and potentially give Chancellor Rachel Reeves a PR win on economic revival, but it does little for individuals seeking financial stability,” said Paul Williams, managing director of Solomon Global, a UK-based bullion dealer, in an exclusive note to Kitco. “Shares can offer growth, but not everyone wants to ride out market swings or track every tick on a chart to keep their tax-free benefits.”
“If this reduction goes ahead, savers may increasingly turn to gold to make up the difference. Physical gold, in the form of legal tender coins like Sovereigns, Britannias, and the Queen’s Beasts series, provides a simple, CGT-free option with no limit and no reliance on corporate performance. For many, gold isn’t just about chasing returns (gold has seen a 43% increase in the last year); it’s about preserving wealth, outside the whims of the government,” he added.
The UK has already seen robust physical bullion demand, according to data from the Royal Mint.
Data from the first quarter show that revenue from bullion coin sales increased by 46% over the previous quarter — and an astonishing 306% compared to Q4 of the 2023/24 financial year.
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Another alternative is of course some London listed GGP shares!