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Changes to ISA/PEP regulations

In April 2008, a number of changes were made to the way ISAs and PEPs are regulated. This notice is intended to provide a summary of these changes.

  • There are now two types of ISA:
    • Stocks and Shares ISA
    • Cash ISA
  • Subscription limits increased to £7,200 for Stocks and Shares ISAs and £3,600 for Cash Accounts. The total annual ISA limit is £7,200.
  • PEPs have become Stocks and Shares ISAs.
  • Maxi-ISAs and Mini-ISAs have disappeared.
  • Existing Maxi or Mini Cash and Stocks and Shares accounts to become full Cash or Stocks and Shares Accounts.
  • Transfers from Cash Accounts to Stock and Shares Accounts can now be made.