Happy birthday to tax-free savings

Happy birthday to tax-free savings

It’s the 20th birthday for tax-free investment in ISAs. With the deadline for contributions approaching, have you made the most of your allowances? The arrival of the new tax year on 6 April means that it is time to consider your Individual Savings Accounts (ISA) investments, which will celebrate their 20th birthday in April. Over the past 20 years, the maximum annual contribution has risen from £7,000 per tax year to £20,000 for 2019/20.