S&S ISA_ for small investor and basic tax rate -waste of time?

A question about : S&S ISA_ for small investor and basic tax rate -waste of time?

hi

just wondering if its true that for small and basic income tax rate payers is stocks and shares isa waste of time?

I understand that ISA saves tax on incme but as i understand dividend is already taxed at 10% at source.Then each year the capital gains tax has a relatively generous limit for small investors which is that only if gains are above Ј10,000 (approx) that tax is due.....

or have i missed something?

ta

Best answers:

• What happens if the cgt limit is dropped to Ј2000. Or all investments are subject to additional tax?
  Would you feel a bit silly to have missed the opportunity to have that money protected from tax?