The crazy Isa rule where you can only pay into one account must change
The Isa is a fantastic saving and investing invention. It wraps around your savings and investments, protecting them from tax on interest, profits and dividends, and is a wonderful way to build long-term wealth. To my mind, outside of the money you stash away for your pension, saving or investing into an Isa is a no-brainer. But the Isa system also needs a radical change, because it’s not up to scratch anymore. It's time to fix the Isa system to make it more suitable for the modern age and allow people to pay new money into more than one provider's version of each, says Simon Lambert