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ISA changes to be government priority in 2025 says AJ Bell boss


Published on 2024-12-05 22:31:39 - MSN
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  • AJ Bell's boss has said that ISA simplification is expected to be a priority for the government next year. "My understanding is that in 2025 we'll see some progress on ISA simplification, and we'll look to engage with government as part of that,

The article from MSN Money discusses the anticipated changes to Individual Savings Accounts (ISAs) in the UK, as highlighted by Michael Summersgill, the CEO of AJ Bell. He emphasized that ISAs are likely to be a significant focus for the government in 2025, especially with the upcoming general election. The changes could involve simplifying the ISA landscape, which currently includes various types like Cash ISAs, Stocks and Shares ISAs, Lifetime ISAs, and Innovative Finance ISAs. Summersgill suggests that the government might look into increasing the ISA allowance, which has been frozen at £20,000 since 2017, and possibly introducing new types of ISAs or modifying existing ones to encourage saving and investment. These reforms aim to make ISAs more attractive and accessible, potentially influencing voter behavior in the election year.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/isa-changes-to-be-government-priority-in-2025-says-aj-bell-boss/ar-AA1vjvUA ]