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Commercial Credit News
|New flexibility will boost saving – and risk-taking|
|Monday, 22 June 2015|
New tax-free allowances and increased flexibility will encourage savers and investors to put more money away – but could lead to a rise in the levels of risk they take on investments and the impact on their money, new research from Yorkshire Building Society shows.
Its national survey shows 42% will start or increase saving when new ISA flexibility rules come into effect in the Autumn and 47% will start or increase saving when basic-rate taxpayers will be allowed to earn £1,000 tax-free on savings and higher rate taxpayers to earn £500 comes into effect next April.
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