Insurance Isa holders who top up policies after 5 April next year will be prohibited from taking a s...
Insurance Isa holders who top up policies after 5 April next year will be prohibited from taking a stocks and shares Isa with any other provider. The Inland Revenue is to merge the stock and shares and insurance Isa components from April, with the latter ceasing to exist. As a result, investors holding separate insurance and equity Isas with different groups will have to use a single provider if they wish to continue paying into both. Only 20 companies currently offer insurance Isas, primarily life offices and friendly societies such as CIS, Axa and Scottish Friendly. If planholders wis...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
