The new Isa rules melt my brain: but that’s not even the worst thing about these changes for first-time buyers | Jason Okundaye

Contributing sentiments towards policy:

46% : I hope you’ll forgive me if I sound like I don’t know what I’m talking about, but that’s because I’m going to try to make sense of the government’s reforms to personal savings accounts, known as Isas.These products have become significantly overcomplicated in recent years, with the government continually refreshing what were conceived of as simple tax-free savings accounts with new rules, allowances, products and age restrictions.
45% : As the deputy money editor of the i newspaper, Callum Mason, put it: “It’s hard enough to understand if you cover money for a living – I don’t know how the general public is supposed to do so.”So, for dummies (me), an Isa is a savings and investment account that allows you to save up to £20,000 each financial year without paying income or capital gains tax on the interest added.

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