Jeremy Hunt is tweaking ISAs with two changes that are good news for investors. You can now save into multiple ISAs of the same type in the same tax year – excluding the Lifetime ISA – offering a simple way to save for different financial goals.
Plus, the Spring Budget has given a 25% boost to the ISA allowance, with an extra £5,000 to invest in UK shares. Although the timings of when this will come into force are not clear. So, for the time being it’s still the £20,000 allowance. Watch this space!
ISA Changes 2024/25
