The Treasury might consider capping the amount that can be held in ISAS, according to the Telegraph newspaper reports.
The Government says it is looking into tax efficient savings vehicles popular amid concerns about a growing number of ' Isa ' millionaires.
The amount that can be saved in an Isa grew by £ 7,000 a year when they were launched in 1999 to £ 11,520 in the current fiscal year.
While the best someone who had made full use of the deduction every year since 1999 could have put in ISA is around £ 130,000, the Telegraph says wise investment decisions and the effects of compounding could mean that some vessels are now worth more than £ 1 million.
While the number of people with pots amounting to much is thought to be very small, that with pots in the region of £ 100,000 2%-account or tens of thousands-of Isa savers, according to the newspaper.
While the Treasury has denied that it is planning to introduce a CAP, some pensions experts are already cringe at the thought of such an intervention.
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Patrick Connolly, a financial planner at Chase de Vere, said Moneywise: "it is well known that as a nation we are not saving enough to provide adequately for ourselves. The general population has a wide distrust of pensions, largely due to the constant meddling and changing rule of politicians.
"While people did not trust the pensions trust Isas and so unfathomable that the Government wants to change something that continues to gain momentum and clearly is working on it."
He added: "while £ 100,000 sounds like a plug aspirational for many people this is not necessarily the case, especially for those who make a habit of saving early. A Fund of £ 100,000 Isa would provide an annual income of less than £ 100 every week and I also remember that many people are using ISA as a means to pay interest only mortgages that could be considerably greater than £ 100,000. "
Andrew Hagger of MoneyComms.co.uk has also expressed its concern for savers. "I think that would be another blow to an already struggling economy. The £ 100,000 limit will affect only a minority of investors but it's a slippery slope once the Government starts tinkering with the limits and allowances ".
Connolly added: "We hope that these will prove to be little more than scare stories. If not then the future financial perspective for those in the United Kingdom, which is already quite about it, could get a whole lot worse. "The Treasury plan to Cap Isa savings?
Invidivual savings accounts were introduced in the April 6, 1999 to replace personal equity plans (PEP) and special savings accounts tax-exempt (TESSAs) with a plan that covered both the stock market and savings products, where yields are tax-free. The ISA is not an investment product. Rather, it is a "wrapper" tax-free when you put, investments and savings up to a specified annual allowances where the yields (growth of capital, dividends, interest) are tax-free (you don't need to declare ISAS and their contents on your tax return). However, any dividends are taxed within the investment, and that cannot be recovered.
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