Individual savings accounts (Isas) just get better and better! The latest announcement in the Autumn Statement that the taxation benefits of an Isa can be effectively passed to a surviving spouse adds yet one more benefit to this extremely attractive investment/savings wrapper. To have the opportunity to invest up to £15,000 per annum – and rising – free of income tax and capital gains tax, and – if qualifying Alternative Investment Market (Aim) shares are chosen – free also of inheritance tax, provided they are held for two years, must represent one of the most attractive offerings available to an investor in the western world.
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