For UK savers ISA’s offer an excellent way to save tax-efficiently and all are encouraged to use their maximum annual tax free allowance to the full.

Now there’s good news from Shepherds Friendly who have announced a reduction in the minimum monthly contributions to their Stocks and Shares ISA from £50 a month down to just £30 a month.

The Shepherds Friendly ISA will also accept lump sum investments from £500 at a time, but for those who want to make monthly contributions, the new minimum of £30 a month will make tax-efficient saving even easier.

The ISA grows when it receives a share of the profits of the Shepherds fund and growth is free of income tax or capital gains tax. Shepherds do accept transfer-in of existing ISA’s from other providers.