The cash ISA allowance cut is just one of many rules coming into force

HM Revenue and Customs said several rules will be introduced to ensure the policy achieves its objective.

Rules will be introduced to prevent people subscribing up to £20,000 cash in a non-cash Isa and leaving it there long-term, earning tax-free interest

The levy is to prevent savers from getting around new cash ISA limit rules, which will see the annual cash ISA limit cut from £20,000 to £12,000 for under-65s

The government is changing the rules around cash ISAs and launching a new first-time buyer ISA - but is it all becoming a bit too much for people to get their heads around?

The cash ISA allowance cut is just one of many rules coming into force