This Is Money Show

Could an Isa tax raid really cap savings at £100,000? Plus Bank of Dave's Dave Fishwick on his Netflix hit

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Sinopsis

An astonishing idea for an Isa tax raid was outlined by the Resolution Foundation this week, with the proposal that tax-free savings and investments should be capped at £100,000. No more aspiring to be an Isa millionaire, it would be £100k and out under this plan. It said that the nominal money out toward not taxing Isa interest, gains and dividends should instead go in the direction of encouraging those without savings to build up a pot. Is that a good idea, would it be a fairer way of doing things, and is there any conceivable way this could actually happen? On this podcast, Georgie Frost, Helen Crane and Simon Lambert discuss the proposal and whether it has any merits. Spoiler alert, Simon strongly disagrees and says this would also perpetuate even greater intergenerational unfairness. Find out why. Also on the show, the team delve into a new American Express and BA card that's been dubbed the best deal ever for Avios points, but are they worth collecting? Sam North, of eToro, joins us to talk throug