Tories announce plans for flexible Isa allowance

The annual Isa allowance could grow to £9,000 and limits become more flexible under a Conservative g...

The annual Isa allowance could grow to £9,000 and limits become more flexible under a Conservative government. In a recent consultation paper, the opposition party proposed a variety of measures to address the falling savings ratio, including a Lifetime Savings Account, where the Government would match an individual's contribution. The paper criticised Labour's scrapping of Peps and Tessas, replacing them with the Isa, claiming the removal of such established saving mechanisms undermined the stability on which long-term financial planning depends. That said, the Conservatives suggest in...