Advisers are concerned the lack of clarity around new ISA regulations, due to come into force this year, will leave clients confused and potentially unable to benefit from the changes.
Two months after the Budget proposals, a number of advisers and providers have criticised the government for not providing clarity sooner on how the implementation of ISA changes will work and have approached HM Revenue and Customs for guidance. In the Budget on 22 April, the Chancellor announced the ISA limits would be increased from £7,200 (stocks & shares ISAs) and £3,600 (cash ISAs) to £10,200 and £5,100 respectively. However, while over 50 year olds can benefit from the increase from October this year, the changes will only be rolled out to under 50s from the beginning of the next ...
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