Isa improvements do not include an annual allowance rise

The pre-Budget report has brought about improvements to Isas including a guarantee of the £7,000 investment allowance and the possibility for child trust funds to roll over into Isas

In recent decades governments have sought to encourage saving across the broader population by introducing tax concessions on selected investment products. This started in the 1980s with the introduction of personal equity plans (Peps) for investment in equities. This was soon followed by the introduction of tax exempt special savings accounts (Tessas). These schemes allowed investors to place up to £9,000 in any one tax year in a tax-sheltered environment - a considerable sum compared to today's allowances - although the early investment restrictions imposed to qualify for the tax advanta...