HC Deb 16 November 2000 vol 356 c763W
Mrs. Lait

To ask the Chancellor of the Exchequer what plans he has to review the operation of ISAs.[138701]

Miss Melanie Johnson

A review of the operation of ISAs began work in April this year, and changes arising from the review were announced in the recent Pre-Budget Report. These include extending cash ISAs to 16 and 17-year-olds, increasing the use of electronic business for ISAs, and the alignment of the PEP rules on investments, transfers and administrative procedures with the more flexible ISA rules. Further details can be found in the Inland Revenue Press Release "Encouraging Britain to Save" issued on 8 November.

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