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Spring Budget 2017 - Quote from Clare Francis, Barclays Savings and Investments Director

Clare Francis, Barclays Savings and Investments Director, commented: 

"The surprise announcement that the dividend allowance will fall from £5,000 to £2,000 in 2018 underlines the importance of maximising the Stocks and Shares/Investment ISA allowance, as returns are tax free. If you haven’t taken advantage of this tax year’s ISA allowance yet there’s still time – you have until 5th April and can invest up to £15,240. Then from the 6th April, you’ll have a brand new allowance that you can make use of and the good news is that the annual ISA allowance is rising to £20,000 for the 2017/18 tax year, meaning you will be able to invest even more of your money tax efficiently."

 

About Barclays

Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 120,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.home.barclays .