Reports suggest that Chancellor Jeremy Hunt is preparing an Isa shake-up which could make it easier for savers to take advantage of improved rates.
The Autumn Statement could provide a ‘brilliant opportunity’ to tweak Isa rules, according to experts
Current rules already allow people to open multiple Isa accounts in a tax year, but they need to be different types of Isa – for example, a saver may open a stocks and shares and a cash Isa in the same tax year. “It’s already a cornerstone of people’s savings and investment, but this is a chance to make it shine.”
Dean Butler, managing director for retail direct at Standard Life, part of Phoenix Group, said: “Savers who subscribed to a fixed-rate cash Isa earlier this year will have watched as the rates available on the market climbed higher and higher. “The case for taking out multiple investment Isas within a tax year is less obvious given many providers offer access to a wide range of different investments within the Isa wrapper already, but in those cases where customers want to access a specific investment that’s not available to them or a specific product feature, it could be a useful addition.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Autumn Statement could be brilliant opportunity for Isa rules shake-upReports suggest that Chancellor Jeremy Hunt is preparing an Isa shake-up which could make it easier for savers to take advantage of improved rates.
Read more »
New call for £20 weekly uplift on Universal Credit in Autumn statementLabour MP John McDonnell made an appeal to the UK Government to ‘help our children out of poverty’.
Read more »
These Autumn Midi Dresses Will Make Getting Dressed In Cold Weather Much EasierHere are the best autumn midi dresses for 2023, including Mango, Ganni, Jigsaw, Ghost and more. Read more on Grazia.
Read more »
The vitamin recommended for everyone in NI during autumn and winterThe Public Health Agency, NHS, and Northern Ireland Health Service recommend taking the supplement during winter months
Read more »
'Flattering' Sainsbury's Tu Clothing autumn dress that hides bumps now £10Sainsbury's shoppers have said they 'absolutely love' this cheap dress, and also claim it looks better in person compared to the online photographs.
Read more »
Lady Amelia and Eliza Spencer show us two ways to wear red for party seasoPrincess Diana's nieces rock autumn's hottest colour trend at Melbourne Cup day
Read more »