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New ISA Rules Now in Effect!

From 1 July 2014, ISAs (Individual Savings Accounts) were reformed into a new and simpler product. This change was announced in the March 2014 Budget when the Government unveiled the ‘New ISA’ (NISA), a move that represents the biggest-ever increase to ISA limits. The NISA annual limit is now £15,000. The key features worth noting are: Improved flexibility – the new rules mean you can split your ISA allowance as you …Read More

ISAs – Tax breaks for all generations

ISAs – Tax breaks for all generations Like the Personal Equity Plans (PEPs) and Tax exempt Special Savings Accounts (TESSAs) that preceded them, Individual Savings Accounts (ISAs) have proved immensely popular with savers and investors – from those with a few hundred pounds saved to the fortunate investors that now have £1m-plus portfolios after contributing the maximum since PEPs started. “The funds accumulated in their JISA can help a young adult with university or housing costs when really …Read More