AJ Bell calls on Jeremy Hunt to introduce 'radical' ISA reform

Argued for 'radical, long-term simplification' of ISA framework

Cristian Angeloni
clock • 2 min read

AJ Bell has called on the chancellor to set out significant reforms to the country's ISA regime in his upcoming Budget speech.

The platform argued that, after snubbing any changes in his Autumn Statement, Jeremy Hunt should consider a "radical, long-term simplification" of ISAs in his upcoming Spring Budget on 6 March. According to AJ Bell, some of the reforms should include the supercharging of the Lifetime ISA by reducing the early withdrawal charge from 25% to 20%, as well as increasing the minimum property price, in light of rising house prices, especially in London. The ISA allowance should also be increased from the current £20,000, AJ Bell argued, suggesting the introduction of a mechanism linking the ...

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