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Birmingham Post
Birmingham Post
Business
Peter McGahan, chief executive of Worldwide Financial Planning & Andrew Arthur

Watch for the April 5 investment tax change

It's coming up to that time of the year again for the last-minute ISA rush. This year takes on a slightly extra bit of urgency, however.

Given that you are allowed to invest up to £20,000 per person per year, this tax break is one you just cannot afford to miss, particularly because of the following changes.

Capital gains allowances will be reduced from April 5, 2023, and further again from 2024. Currently if you make a gain of £12,300 or less there is no tax to pay. This is per person.

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