Budget 2020: JISA savings limit to hit £9,000 by 2020/21

 The accompanying Budget documents published today (11 March), following new Chancellor Rishi Sunak's inaugural Budget speech in Westminster, revealed the amount families will be able to save into a JISA or CTF will be more than doubled in 202/21. This will take the total amount families and children are able to save tax-free from £4,368 to £9,000. JISAs and CTFs are tax-advantaged accounts for children, designed to encourage a long-term savings habit. Personal Finance Society chief executive Keith Richards said it "was great" to see the change, adding: "However, the government nee...