The latest thinking, news and events from the world of Recruitment

BUDGET 2014 WINNERS AND LOSERS: Who Gains and Who's in Pain after George Osborne's Speech

SHARE
,

After years of disappointment, a Budget has finally gone the way of savers, with Isa customers and pension members both benefiting from major announcements from the Chancellor.

Gamblers and insurance companies might not be so smug however. This is Money rounds up the big winners and the biggest losers from the latest Budget.

Winners:
Isa savers

It’s been a long-time coming, but finally savers have something to cheer as deeply unpopular restrictions on tax-free savings accounts were loosened. The maximum you can save each year in cash and stocks and shares Isas will rise to £15,000 from July 1, from the current rates of £11,520.

What’s more, all of this can can be saved as cash, a major change from the current rules that limit  savings in cash to half of the Isa limit, £5,760. And for the first time, people will be able to move money in their stocks and shares Isas into a cash Isa.

SOURCE: thisismoney.co.uk

>