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Newsroom
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Find out which funds are most popular with our Stocks and Shares ISA clients since the last autumn statement on 17 November 2022.
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 21 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 2023 autumn statement is on Wednesday. Many investors will be watching keenly to see if the chancellor increases the Stocks and Shares ISA allowance.
A rise in the overall ISA allowance is long overdue. Last increased in 2017, had the allowance kept up with inflation, it would be around £25,500 today.
The potential ISA changes has brought a lot of debate. We want people to be able to pay into as many ISAs of the same type as they like each tax year. This would make it easier to open, subscribe to, and transfer ISAs.
However, this seems likely to be brought into a wider consultation on ISA reforms. While this gives the government scope for ground-breaking change, consultation takes time and there’s no guarantees at the end of it.
More disappointing news is that Jeremy Hunt will very likely rule out cutting the Lifetime ISA
Read more on hl.co.uk