Adult ISA allowance to remain at £20,000 for 2019/20 

Junior ISA allowance to rise in line with CPI to £4,368 for 2019/20 

Lifetime ISA subscription limit to remain at £4,000 in 2019/20 

NS&I – Premium Bond gifts to minors to be allowed to all, not just parents and grandparents 

NS&I – Premium Bond Lower minimum investment amount to £25 (from £100)

 

Richmond House Wealth Management View:  These are fairly simple decisions for the Chancellor. Adult ISA limits are reasonably generous already and a rise was not expected. The increased flexibility around Premium Bonds may attract some interest for those wishing to gift small amounts to wider family or friends and any significant uptake will provide an alternative source of funding for the Treasury without resorting to further open-market borrowing.  On an individual basis the result of these changes will be very minor.