Property News · March 11, 2017

Isas back in favour after tax allowance hike


The cut to share dividends from next year looks set to revitalise Isa saving, and the government has raised the allowance from £15,240 per person to £20,000A new tax-free Isa allowance that comes into force next month will allow wealthy couples to put more than £70,000 beyond the reach of HMRC.Under previously announced changes, the current Isa allowance of £15,240 per person for the tax year 2016/17 will rise to £20,000 from 6 April. It means a couple who have not so far used this year’s allowance can move a total £70,480 into tax-free savings in the next few weeks. Continue reading…

Source : theguardian.com
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