YP Letters: New ISA proposals are just words at present

david Cameron and his mother are at the centre of a controversy over inheritance tax.

YOUR business experts are nearer to the details of investments than I am, but I question the article by Andrew Dalton (The Yorkshire Post, April 12).

He talks about investing £20,000 per year in an ISA as if it is now possible, but the limit for both last year and the current tax year is £15,240.

The proposal for £20,000 from April 2017 is still to be enacted. Also his reference to the new lifetime ISA still appears to be an idea, for which detail has to be specified and agreed with providers and thus may take longer to bring into operation.

From: Tim Mickleburgh, Boulevard Avenue, Grimsby.

A TAXPAYER will only be able to earn less than £12,000 a year before being liable to Income Tax.

So why should someone quibble about having to pay inheritance tax (IHT) on sums above £325,000 that they haven’t earned through their own labour?

Remember that the reason many more are paying IHT isn’t due to people investing their post-tax salaries, but because of sharp increases in house prices that have seen people enjoy a tax-free boost to their wealth. In other words, it is folly to talk of double taxation.