ISA


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Have you heard of NISAs?

NISA or the New-ISA, I hadn’t heard about them either to be brutally honest. I am properly ditzy about savings and investments, I leave all this type of thing to Blokey. The New ISA (NISA) In his budget speech the Chancellor announced that from 1 July 2014 ISAs will be reformed into a much simpler product, the New ISA (NISA). Whatsmore, all existing ISAs will automatically convert to a New ISA. Meaning those already saving and investing into an ISA will benefit from the changes a foot. So what are the differences… Subscription limits From 1 July 2014 the overall subscription limit set by the Government for 2014/15 will increase from £11,880 to £15,000. It will be possible for new subscriptions to be split in any proportion between a New Cash ISA and New Stocks and Shares ISA – currently, investments into a Cash ISA are limited to a maximum […]