Client accessAutumn Statement 2023 – Individual Saving Accounts
Budget Summary
- Income tax
- National insurance contributions
- National living wage and National minimum wage
- Individual savings accounts
- Pension tax limits
- Backing British business
- Other Taxation matters
- Back to work
- State benefits
- Making tax digital
The government is freezing the limits on Individual Savings Accounts (ISAs) (£20,000), Junior Individual Savings Accounts (£9,000), Lifetime Individual Savings Accounts (£4,000 excluding government bonus) and Child Trust Funds (£9,000) for 2024/25.
However, a number of changes will be made to allow multiple subscriptions to ISAs of the same type every year and to allow partial transfers of ISA funds in-year between providers from April 2024.
