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.
BRB Wealth Management provides fee based, comprehensive financial planning advice to individuals seeking to take control of their financial future and achieve their personal and financial goals.