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Changes to ISA/PEP regulations

In April 2008, a number of changes were made to the way ISAs and PEPs are regulated. No action was required by investors and all changes happened automatically.

  • There are now two ISA products.
    • Stocks and Shares Accounts
    • Cash Accounts
  • Subscription limits increased to £7,200 for Stocks and Shares Accounts and £3,600 for Cash Accounts. The total ISA limit is £7,200.
  • PEPs are now treated as Stocks and Shares ISA Accounts.
  • Existing Maxi, Mini Cash and Mini Stocks and Shares accounts became full Cash or Stocks and Shares Accounts.
  • Continuous applications are able to roll over into new accounts.
  • Transfers from Cash Accounts to Stock and Shares Accounts are now permitted.