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Discover the most popular funds with HL Stocks and Shares ISA investors in November 2023.
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 5 December 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.
It was good and bad news for ISA savers and investors in November’s autumn statement.
All ISA allowances, including the Stocks & Shares ISA and Cash ISA allowance, will be frozen next year.
This will be disappointing for the one in four Stocks & Shares ISA investors who used their full £20,000 allowance in the 2020/21 tax year. The allowance was last increased in 2017 and only an increase to £25,500 would’ve kept pace with inflation.
But there was still reason for cheer ahead of the festive period.
Jeremy Hunt confirmed ISAs are set for change ahead of their 25th birthday next year. Changes that include the flexibility to pay into the same type of ISAs with different providers and allowing partial transfers between providers so current year subscriptions don’t have to be transferred in full. It also includes removing the need to reapply for existing ISAs each tax year.
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