SNP are lying b******s as well !

[Andy Bee]

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Investing is always for the long term (5+ years) and after those events I am certain investing will beat cash, it always does. The average cash ISA subscription is £1,220 a year so she is only closing the door on those putting in way above the average.

You're not listening are you. People are favouring cash ISAs they're flocking to them, nearly a 1m rise in 22/23 whilst they're not wanting stocks and shares even with your hard fought albeit weak sales pitch. they're leaving. I'm pretty sure people in the market from 2000 - 2010 would question your statement "will beat cash, always does"

[jamie_1875]

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You're not listening are you. People are favouring cash ISAs they're flocking to them, nearly a 1m rise in 22/23 whilst they're not wanting stocks and shares even with your hard fought albeit weak sales pitch. they're leaving. I'm pretty sure people in the market from 2000 - 2010 would question your statement "will beat cash, always does"

You may be pretty sure but you would be wrong by quite a margin.

"If you’d invested £10,000 in the UK stock market from 2000 to 2010, you’d have ended up with about £17,900 (assuming an average 6% annual return after inflation). If you’d kept it in a cash savings account, you’d have around £12,000–£13,000, as interest rates averaged 3–4% during that period. So, investing beat cash by about £5,000–£6,000 over those 10 years."

Your argument is flawed just because they are more popular doesn't mean they give people better outcomes. People aren't confident and don't understand investing, that's why cash is more popular as it's easy to understand. Sure you know what you get and there is no risk but that doesn't mean they give people better outcomes as every single example I have shown you proves. If you had £1,000 in a Cash ISA paying a top rate of 5% and inflation was at 10% you have lost money even though your £1,000 is now worth £1,050 as your buying power has eroded.

Popular doesn't mean better. If people had more confidence and we had better education people would be more inclined to to invest.

I am not selling anything, if people want to keep their savings in cash thats their choice, the facts say that over the long term investing will nearly always give you better returns. Hence pensions invest etc.

[Hibrandenburg]

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I knew this board was middle class but people saying a single person that can afford to put away 20k per year or a family putting 40k, is not rich is wild 😐. If we keep defending against the top few % of earners paying more tax to help the millions living in poverty then we have no chance

No, wild is claiming that someone who scrimps and scrapes to put money away over an extended period to invest in their future is very rich. To then say that people who have been prudent should be taxed more than those who haven't isnt just wild it's madness. Why should two people earning similar amounts be taxed differently because one of them has accumulated their earnings rather than spending them? Crazy.

[Stairway 2 7]

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No, wild is claiming that someone who scrimps and scrapes to put money away over an extended period to invest in their future is very rich. To then say that people who have been prudent should be taxed more than those who haven't isnt just wild it's madness. Why should two people earning similar amounts be taxed differently because one of them has accumulated their earnings rather than spending them? Crazy.

Your trying to defend the top couple of percent getting 20k tax free savings each in a country where 4.5 million kids live in poverty and 11 million workers are on benefits. They aren't getting rid of the allowance just lowering it, perhaps the reform thread is for you, Farage will be firmly against this