ISA changes could well be welcome, but we shouldn’t underestimate how long new rules take to filter through, writes Claire Exley

ISA changes will take a long time to sink in

We’ve spoken to a lot of clients about ISAs over the last few months as the end of the tax year approaches and minds are focused on using the annual tax-free allowances. However, it is hard not to ignore recent headlines surrounding potential reforms to the current ISA regime.

While reform is important, and many will believe that simplification is right, we should all be aware of the unintended consequences of change. A recent poll of investors we ran at the start of 2025 found that there was still a lot of confusion in the UK over the current ISA rules and allowances.

Nutmeg research found that a majority of investors with over 10 years investing experience didn’t know that you could invest and save in multiple ISAs each year. The rule changes to accommodate this were announced in 2023 and came into effect in........

© City A.M.