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UK chancellor mulls changes to ISA regime to boost investment

Customers at cash point.
Photo: Getty Images

There has been much speculation about potential ISA reforms ahead of the next UK Budget on November 26.

Talks about reforms to Independent Savings Accounts, commonly known as ISAs, in the UK are ongoing ahead of the country’s Autumn Budget. ISAs allow UK earners to save up to £20,000 ($26,320) each tax year in a tax efficient way, a relatively generous limit compared with options in other countries.

Around £726 billion

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