The first piece of good news is that the limit will increase from just under £12,000 to £15,000, but the process of splitting your tax free allowance between cash and stocks & shares will also be made far simpler. Previously you could only invest up to half of your allowance in cash, but now you can split the £15,000 as you wish between funds, investment trusts and so on, and cash. This means you can put more than £3,000 to work with the UK’s most respected investors.
The junior ISA limit is set to be increased as well, from £3,840 to £4,000.
With the changes coming in just over a week, FE Trustnet is giving early-bird investors the chance to get their fund, trust and stock choices analysed by industry professionals, including Rob Gleeson (pictured) and his FE Research team.
Perhaps you’re interested in Neil Woodford’s CF Woodford Equity Income fund which launched earlier this month, or are more comfortable with the more established Invesco Perpetual High Income or Artemis Income portfolios?
Or maybe one of the handful of investment trusts on a wide discount is more to your liking?
Even if you’re investing the bulk of your money in cash as you anticipate a choppier time for markets, we’re keen to find out how you’re looking to make the most of the changes.
Please leave a comment below including an explanation of why you’ve made your choices, or email us at editorial@financialexpress.net