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2.85 Making ISAs more flexible – Individuals will be able to withdraw and replace moneyfrom their cash ISA in-year without it counting towards their annual ISA subscription limit, andthe government will change the rules in autumn 2015 following technical consultation with ISAproviders. (2)2.86 Lifetime Allowance for pension contributions – The government will reduce theLifetime Allowance for pension contributions from £1.25 million to £1 million from 6 April2016. Transitional protection for pension rights already over £1m will be introduced alongsidethis reduction to ensure the change is not retrospective. The Lifetime Allowance will be indexedannually in line with CPI from 6 April 2018. (Future Finance Bill) (7)2.87 65+ bond extension – The extension of the availability of 65+ bonds through NationalSavings and Investments (NS&I) until 15 May 2015 is estimated to generate £3.2 billion ofadditional sales. (5)2.88 Accessing guidance and key information about pension benefits – Additionalfunding of £19.5 million in 2015-16 will be provided to support the new pension freedomsand the new pensions guidance service, Pension Wise. This funding will extend the availabilityof state pension statement and pension tracing services. It will also provide for extra deliverycapacity for Pension Wise: the government has put plans in place in case there is a need to drawon Department for Work and Pensions resources to help manage any initial spike in demand forthe service. (6)2.89 Bad debt relief on investments made through the Peer-to-Peer (P2P) lendingindustry – As previously announced at Autumn Statement 2014, the government will introducea new relief to allow individuals lending through P2P to offset any losses from loans which gobad against other P2P income. It will be effective from April 2016 and through self assessmentwill allow individuals to make a claim for relief on losses incurred from April 2015. (FutureFinance Bill) (n)2.90 Premium Bond investment limit – The planned increase to the NS&I Premium Bondinvestment limit to £50,000 will take place on 1 June 2015, providing further support for savers.Inheritance tax2.91 Deeds of variation – The government will review the use of deeds of variation for taxpurposes.2.92 Inheritance Tax changes to support the new digital service – As announced atAutumn Statement 2014, the government will make minor changes to legislation dealing withinterest to support the introduction of the new Inheritance Tax (IHT) digital service announced inAutumn Statement 2013. (Future Finance Bill)2.93 Inheritance Tax exemption for medals and other awards – As announced atAutumn Statement 2014, the government will extend the existing IHT exemption for medals andother decorations that are awarded for valour or gallantry. From 3 December 2014 it will applyto all decorations and medals awarded to the armed services or emergency services personnel,and to awards made by the Crown for achievements and service in public life. (Finance Bill 2015)2.94 Inheritance Tax exemption for emergency services personnel and humanitarianaid workers – As announced at Autumn Statement 2014, the government will extend theexisting IHT exemption for members of the armed forces whose death is caused or hastenedby injury while on active service to members of the emergency services and humanitarian aidworkers responding to emergency circumstances. It will have effect for deaths on or after 19March 2014. (Finance Bill 2015)2.95 Inheritance Tax and trusts – As announced at Autumn Statement 2014, thegovernment will not introduce a single settlement nil-rate band. The government will introduceBudget 201579