ISA ban on AIM shares lifted

The government has announced new ISA rules that will make it easier for people to invest directly into small businesses.

The changes, due to come into force in the autumn, will simplify direct ISA investment in small and medium sized businesses (SMEs) and provide savers with a tax efficient way to hold shares traded on SME markets. More than one thousand companies listed on the Alternative Investment Market (AIM) will now be eligible for direct ISA investment. Currently, ISA investors have only been allowed to directly invest in shares listed on recognised stock exchanges. Widening the range of eligible shares will improve consumer choice for ISA investors, the Treasury said. The changes will mean...