ISA WIZARD home
Start / Types of ISA / Which Tax Year / After 5 April
From 6 April 2008, the Government is introducing changes to ISA and PEP regulations. These changes will make ISA accounts more flexible and give investors the opportunity to simplify their tax-efficient investments.


The ISA rules have been simplified:

  • There will only be Cash ISAs and Stocks and Shares ISAs. Maxi and Mini ISAs will no longer exist.
  • PEPs will be reclassified as Stocks and Shares ISAs, and be subject to ISA regulations.
  • TESSAs will be reclassified as Cash ISAs
  • The annual ISA subscription allowance increases to £7,200
  • Investors will be able to transfer current, or previous years’ Cash ISAs, to invest in stocks and shares
back