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Further Changes to the ISA Regime
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Contact: Rachel Le Brocq Date: 21 Dec 2006 |
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On the 23 November, Ed Balls MP (Lab/Co-op, Normanton) Economic Secretary, announced further changes to the ISA regime. Transfers between cash ISAs and stocks and shares ISAs will in future be allowed, but only in one direction - from cash to stocks and shares. The BSA issued a press release urging that transfers in the other direction also be permitted. As well as representing a consistency of approach, this would make ‘lifestyling’ of portfolios much easier. This was one of the key points made by the BSA in its recent submission to Mr Balls in advance of the 2006 Pre-Budget Report. HM Treasury press release and the BSA press release can be viewed by following the links below.
Ed Balls announces funding for projects tackling loan sharks
