Treasury confirms Aim allowance for Isas

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The Government has confirmed that changes to Isa legislation are being brought in to simplify direct investment in small and medium-sized businesses.

The changes will allow Isa savers to hold shares in SME market in a tax efficient way.

As a result, over 1,000 companies listed on the alternative investment market will now be eligible for direct Isa investment.

Treasury economic secretary Sajid Javid says: “Today’s changes to Isa rules will allow SMEs to access another source of funding and allows the Budget announcement to abolish stamp duty on shares traded on growth equity markets.

“Together these changes will make investing in SMEs more attractive and boost growth.”