Skip to main content
WORLDWIDE
 

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 what these changes will be. Please note that this will not affect the number of shares you hold and you need take no action at this time. We will update you further on this next year.

  • ISA-world to become two regulatory products.
    • Stocks and Shares Accounts
    • Cash Accounts
  • Subscription limits to increase to £7,200 for Stocks and Shares Accounts and £3,600 for Cash Accounts. The total ISA limit will be £7,200.
  • PEPs will be treated as Stocks and Shares ISA Accounts.
  • Maxi-ISA and Mini-ISA will disappear.
  • Existing Maxi or Mini Cash and Stocks and Shares accounts to become full Cash or Stocks and Shares Accounts.
  • Subscriptions to new accounts will require separate applications and declarations.
  • Continuous applications will be able to roll over into new accounts.
  • Transfers from Cash Accounts to Stock and Shares Accounts will be permitted.