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ISAs - Individual Savings Accounts

Factsheet,
Contact:
simon rex,
Last updated:
11 April 2020

Cash ISAs are the main cash-based tax-free savings product offered by building societies and they are a particular strength of building societies, with the sector regularly having over 35% of the market. An Individual Savings Account (ISA) is not a product in its right but...

Guest blog: The future of cash - the vinyl of the banking industry

Contact:
wayne duke,
Last updated:
06 October 2020

Ahead of his appearance at the BSA's Digital Mutual  on the 3rd and 4th November, Wayne Duke, principal architect at Sopra Banking Software, discusses the similarities between banking and the music industry. Could a push for digital services in banking compliment rather than...

Industry response to HMRC draft CTF to JISA draft guidance

Industry response,
Contact:
andrea jeffries,
Last updated:
20 February 2015

We welcome the flexibility that the ability to transfer from CTFs to JISAs brings. To align with standard practice, an industry working group has produced CTF to JISA transfer guidelines and model forms which are also included in this response. Click below to read ...

Our response to the HMRC consultation on the deduction of income tax from savings income

Industry response,
Contact:
andrea jeffries,
Last updated:
18 September 2015

Executive summary We strongly believe that all non-TDSI interest – to individuals and to non-individuals - should be paid gross, without deduction of income tax at source.  It is the most straightforward and least costly solution for savers and financial institutions. ...

Joint response to technical HMRC consultation on extending ISA tax advantages after death

Industry response,
Contact:
andrea jeffries,
Last updated:
10 April 2017

Industry made three broad points in its submission: earliest the extension would work is April 2018. no case made for collection of date of death. onus for calculating three-year period should fall on executor/ spouse of deceased as with APS. Click here for full respo...