Change to the Flexible ISA Regulation (5DDB) dated 15 July 2025

masonic

Sea_Shell said:
I just put the above bold into Google and it does seem to be a huge potential loophole.

It's not a loophole, but it is a means that someone practising tax evasion could cover their tracks. Much the same as failing to report income or capital gains in the hope HMRC won't find out.

FishInGlass

eskbanker said:

FishInGlass said:

Having been alerted to this in the Cash ISA thread I spotted this on investigation.

https://www.legislation.gov.uk/uksi/2025/733/regulation/1/made states the following

Regulation 4 comes into force on 6th April 2027 and has effect in relation to the tax year 2027-28 and subsequent tax years. 

No impact therefore on the current tax year.

But the flexibility changes are regulation 5, not 4, and "The rest of these Regulations come into force on 15th July 2025"....

I stand to be corrected. Just shows how convoluted the information on these web pages actually is.