Autumn statement – what changes have been announced for ISAs?
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Following Jeremy Hunt's autumn statement on Wednesday, we look at what proposed changes to ISAs could mean for you.
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 24 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.
After weeks of rumours, Wednesday's autumn statement confirmed that Individual Savings Accounts (ISAs) are set to get even nicer in time for their 25th birthday next year.
ISAs first launched in 1999. They're a great option to shelter your money from UK tax. Once money's paid into an ISA, it's then protected from both UK income and capital gains tax.
Over the years we've seen different types of ISAs launched and tweaks to ISA rules and regulations.
Jeremy Hunt has announced a roadmap for ISAs that aims to simplify some of these rules. Alongside a cut to the rate of National Insurance, this could be good news for ISA savers and investors.
The political landscape is, of course, changing all the time. So, while the government have confirmed their priorities for ISA reform, these changes aren't yet guaranteed.
This article isn't personal advice. As
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