The government has announced new ISA rules that will make it easier for people to invest directly into small businesses.
The changes, due to come into force in the autumn, will simplify direct ISA investment in small and medium sized businesses (SMEs) and provide savers with a tax efficient way to hold shares traded on SME markets. More than one thousand companies listed on the Alternative Investment Market (AIM) will now be eligible for direct ISA investment. Currently, ISA investors have only been allowed to directly invest in shares listed on recognised stock exchanges. Widening the range of eligible shares will improve consumer choice for ISA investors, the Treasury said. The changes will mean...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
