News
Tax-Free ISAs to Fund Social Project for Poorest in Society
04 July 2011
Tax-free Isas will be offered to millions of Britons in return for funding a £200 million fund to tackle the root causes of social problems among the poorest in society.
The programme will see taxpayers, rather than the state, fund a series of social projects aimed at turning around the lives of teenage mothers, young criminals and children from families living off benefits.
In return those who invest in the early intervention Isa scheme will be given a £200 increase to their tax-free savings, and will make a profit if the projects succeed in improving children's behaviour and emotional development.