www.independent.co.uk
HM Revenue and Customs (HMRC) is introducing new rules to prevent people from exploiting lower limits on cash Individual Savings Accounts (ISAs). This guidance aims to stop individuals from bypassing contribution limits by potentially using loopholes. The specific details of these rules and how they will be implemented are not elaborated on in this brief statement, but the general goal is to maintain the integrity of the cash ISA system and ensure fair access to tax-advantaged savings for all.
