Advisers positive that Great British ISA will boost savings

Its recent poll found that almost two thirds (64%) of advisers said that they thought it would lead to an increase in levels of saving. In the 2024 Spring Budget, chancellor Jeremy Hunt introduced the idea of a British ISA which gives investors an additional £5,000 allowance to invest solely in UK equities. Pensions and tax specialist Les Cameron said the proposed introduction of the British ISA increases choice for savers but also adds further complexity. He noted that the majority of ISA savers subscribe less than £15,000 so the increase in the annual limit is likely to be most a...