The
![](https://static.wixstatic.com/media/890372_83f973da589b4e95ba420024e820cfda~mv2.png/v1/fill/w_49,h_49,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/890372_83f973da589b4e95ba420024e820cfda~mv2.png)
UK government has announced that the tax-free allowance for capital gains tax will be reduced from £12,300 to £6,000 for the 2023/24 tax year with a further reduction to £3,000 from the 2024/25 tax year onwards . This will affect those selling assets such as shares, investment properties, businesses, and cryptocurrencies.
This has increased the relative attractiveness of pensions and ISAs.