ion="1.0" encoding="UTF-8" standalone="yes"?> Comment letter title>Don't forget 20% tax levy on Isas

Julian Stevens, managing partner, WDS IFAs, Kingswood, Bristol RE: Revenue lenient on Isas...

Julian Stevens, managing partner, WDS IFAs, Kingswood, Bristol RE: Revenue lenient on Isas holding cash (IW, 31 March) Sir, What James Smith overlooks in his front page feature last week is that the fundamental difference between a cash mini-Isa and cash held as a temporary measure within a stocks & shares Isa is that in the latter any interest awarded is subject to a 20% tax charge. In view of this and the current short- term outlook for investment markets, it seems hardly likely that many investors will seek to effect a virtual maxi-cash Isa, while the Revenue's stance m...