ISAs news in 2024
5 stories, newest first.
- October 2024
Publication of ISA and Child Trust Fund (Amendment No 2) Regulations 2024 tax information and impact note
HM Revenue and Customs has published a tax information and impact note on rules for fractional shares in ISAs and Child Trust Funds, National Insurance number checks on new ISA applications and ISA transfers.
- April 2024
New ISA year begins with £20,000 allowance as Resolution Foundation publishes Spotlight on ISA costs and effectiveness
The Resolution Foundation marks the start of the new ISA year with analysis putting the cost of ISA tax relief at £6.7 billion in 2023-24 and questioning whether the policy raises saving.
ISA account opening age harmonised at 18 with transitional protections for younger investors
The Individual Savings Account (Amendment) Regulations 2024 raised the minimum age for holding a cash ISA from 16 to 18 from 6 April 2024, with transitional protection for existing younger holders.
- March 2024
Legal & General closes Investment Accounts and Stocks & Shares ISAs
Legal & General closed its Investment Accounts and Stocks & Shares ISAs on 4 March 2024, telling holders who have not heard from it to get in touch to discuss their options.
Government consults on British ISA allowing extra £5,000 UK equity investment
The government is consulting on a British ISA that would add £5,000 a year of tax-free UK equity investment on top of the existing £20,000 ISA allowance.