All keen savers out there will be rejoicing, following the announcement last week that ISAs are to remain indefinitely. Around 16 million of us have accumulated nearly £215 billion in our ISAs since they began, and this latest news that they are “this Government’s primary savings vehicle outside pensions” should help us feel more confident.
However, another announcement was made that should make a another group of people very happy even though they’re too young to care! And that’s because it’s now been clarified that the Child Trust Fund will roll into ISAs upon maturity, too….