Autumn statement 2023 – what could be next for taxes and the triple lock?

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As the 2023 autumn statement creeps closer, we look at the ongoing speculation and what changes we might see.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 17 November 2023

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

The air is thick with speculation as we approach the final straight towards the autumn statement. Everything from ISA to pension changes is being widely debated, and this could be a real opportunity for people’s savings and investments.

One suggestion with apparent support from the treasury is letting people hold more than one of the same sort of ISA in each tax year. We think this is a sensible move, making it much easier to open, top up, and transfer ISAs. It would also massively lower the risk of someone making a mistake.

For some of the other ideas floating around, there’s a reasonable chance they could be brought into a consultation on wider ISA reform. There’s potential here to include everything from long-term asset funds to fractional shares.

We also have to think about the fact that consultation takes time, and there’s no guarantee the