Chancellor George Osborne has announced a 'radically more flexible' ISA system as he used the final Budget of the current Parliament to offer more saver-friendly policies to the electorate.
The change, one of few policies successfully kept under wraps prior to Osborne's Budget speech on 18 March, will see savers able to withdraw and replace cash ISA money during a given tax year without affecting their overall tax-free limit. "With the fully flexible ISA, people will have complete freedom to take money out and put it back in without losing their tax entitlement," Osborne said. Osborne said the change would be available from the Autumn. Additoinally, the government will extend the range of eligible investments in 2015-2016 to include listed bonds issued by co-operative...
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