ISA changes - what reforms are expected in the Autumn Statement?

The chancellor is expected to announce a number of ISA changes this Wednesday, such as letting savers have more than one ISA account of any type, and possibly introducing a new allowance. We have all the details.

Jeremy Hunt
(Image credit: Getty Images)

Savers will be free to open as many ISAs as they like without losing their tax-free allowance, under plans being considered by the chancellor.

According to the Telegraph, Jeremy Hunt will use his Autumn Statement to announce an ISA shake-up, which should encourage cash ISA providers to offer more competitive rates, and allow savers to make hundreds of extra pounds in tax-free interest.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.