The launch of individual savings accounts (ISAs) was originally announced in the July 1997 Budget, to replace and build on previous tax-favoured savings schemes, tax-exempt special savings accounts (TESSAs) and personal equity plans (PEPs). The scheme became operational on 6 April 1999.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.