Meteor kick-out plan drops ISA option over HMRC uncertainty

The provider has launched the first issue of its Top Ten Kick-Out plan. It offers a potential 17.5% return per annum, providing eight or more of the 10 largest companies by index weighting listed on the FTSE 100 are at, or above, their corresponding starting levels at launch. However, Meteor is not offering the plan for ISAs after the HMRC warned last week kick-out products might not satisfy the criteria to be an ISA qualifying investment. Meteor managing director Graham Devile says: "We are reviewing the situation, but due to the uncertainty caused by HMRC's announcement last week, ...