New tax rules and the now insurmountable case for an ISA

Huge spike in ISA use expected this in the next year

clock • 3 min read

There has never been a better case for opening an ISA and shuffling non-ISA savings and investments into it, writes Laura Suter

It's arrived - the biggest increase in tax on our investments in a very long time. The move to slash the dividend tax free allowance at the same time as chopping the capital gains tax allowance in half will have a dramatic impact on investor portfolios - and their tax bills. The phrase ‘Bed and ISA' had never been bandied around so much in a tax year end as in the run up to 5 April this year. On the AJ Bell platform we saw a huge surge in the number of people locking in their capital gains and shifting that money into their ISA. Our Bed and ISA transactions increased by 387% year-o...

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