MT Week - The big change to ISA rules you need to know about

We’re in a new tax year as of last week and, among the many financial changes taking place, there’s a big shake up of ISAs.

As of 6 April 2024, you’re allowed to have more than one type of ISA in the same tax year.

It means you no longer have to choose between a cash ISA or a stocks and shares ISA - you can have both.

This is especially helpful if you want to diversify your portfolio.

Your ISA allowance is staying the same for the time being, and the changes only apply to some types of ISAs.

Here’s what you need to know.