The Association of Accounting Technicians (AAT) ISA working group, comprising MPs and industry experts, has suggested an 'Everything ISA' could simplify the UK's ISA framework.
In a report published today, the AAT working group suggested the junior, cash, stocks & shares and innovative finance ISAs should be folded into a new wrapper - the Everything ISA - to simplify the savings framework. "The introduction of more and more ISAs, the fact they interact poorly with each other and have a variety of different savings limits as well as different rules and requirements has made the ISA savings landscape far from clear," said AAT chief executive Mark Farrar. The working group recommended the Help to Buy ISA should continue to exist but without the ISA title, whil...
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