ISA Allowance

In his Autumn Statement the Chancellor announced an increase in the annual ISA allowance from £11,280 to £11,520 from next April. But he ignored pleas from organisations representing savers to permit all the allowance to be held in cash ISAs, where the limit will be £5,760. The Treasury also launched a consultation about changing the rules to allow shares listed on AIM to be held in ISAs, which has been strongly advocated by business finance groups.
As a permanent tax shelter, the ISA is the natural first stop for both lump sums and regular savings plans. Contact us for further advice.