Treasury moves up Isa regime change

clock

Rule changes to the Isa regime will come into effect by April 2008, one year sooner than previously outlined by the government, the Treasury has announced.

Ed Balls, economic secretary to the Treasury, says the reforms, first announced in the Pre-Budget Report 2006, mean Isas will be extended indefinitely, with a guarantee the annual maximum investment level will remain at least £7,000. "ISAs are a vital part of our approach to promoting saving. Over £220 billion has been invested in ISAs since 1999 and over 17 million people in Britain now have an ISA, more than double the number that held TESSAs or PEPs,” Balls said. Other changes include bringing Peps within the Isa wrapper, removing the distinction between mini and maxi Isas, allowing ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read
Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read