Insurance Isa component to be dropped

regulations

The insurance Isa component is to be dropped and rolled into the stocks and shares maxi Isa, allowin...

The insurance Isa component is to be dropped and rolled into the stocks and shares maxi Isa, allowing investors to put £7,000 into a tax-wrapped with-profits fund, Investment Week understands. An announcement on the Government's and the Inland Revenue's plans is expected shortly, with the aim of making the changes in time for the 2005 Isa season. Peter Betts of HM Treasury told delegates at the annual Pep and Isa Managers Association (Pima) meeting last week it has been examining the implications of its proposed Sandler suite of stakeholder products on the Isa regime. The Revenue, follo...