Winterflood supports the new British Individual Savings Account (‘British ISA’, or known colloquially as the ‘BRISA’) as announced in the Spring Budget 2024. Jeremy Hunt, Chancellor of the Exchequer, announced today that the British ISA will enable retail investors to invest an additional £5,000 into UK-listed equities, on top of the existing ISA allowances.
Prior to the announcement, ISAs allowed savers to invest up to £20,000 a year, without paying tax on returns or interest on returns.
Winterflood supports the ISA reform as it further opens investing opportunities to the UK public and increases investor inclusion. Further to this, we look forward to the positive impact the British ISA will provide to the UK equity markets, supporting the growth and development of British-based businesses.
If you would like to discuss the topic in more detail, please contact: Matt Wilkinson - Director & Head of Trading at Winterflood.
