Budget 2015: Investment industry tipped to benefit from 'radical' savings changes

Chancellor George Osborne has announced a 'radically more flexible' ISA system in his 2015 Budget, as part of a savings overhaul seen as being beneficial to the investment industry.

The change, one of few policies successfully kept under wraps prior to Osborne's Budget speech today, will see savers able to withdraw and replace cash ISA money during a given tax year without affecting their overall ISA limit. "With the fully flexible ISA, people will have complete freedom to take money out and put it back in without losing their tax entitlement," Osborne said. "It will be available from this Autumn and we will also expand the range of investments available." Osborne also confirmed tax breaks for non-ISA savings, via the introduction of a £1,000 tax-free interest...