The announcement in the Budget, that savers will now receive a proportion of their savings interest tax-free, has led some people to suggest that ISAs (Individual Savings Accounts) will no longer be needed.
Since its introduction the ISA has become the foundation of most people’s savings and investments, so is the future of the ISA really in doubt?
What changed in the Budget?
George Osborne has announced a new personal savings allowance will be introduced from April 2016. This will mean the first £1,000 of interest for basic rate ...