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

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 ...