Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Do not show this message again)
Shout99 - News matters for freelancers FO35 Advert
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 31st Oct 2014
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660

Freelancers' Shop

Personal Financial Services
from ContractorFinancials

Mortgages

Pensions

ISAs

Income protection

... and more special offers for Shout99 readers in the Freelancers' Shop

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Advertisement
Shout99 Jobs

Budget 2014 (5): ISAs just got NISA
by Susie Hughes at 10:47 20/03/14 (Political News)
As part of this year's Budget for savers, the saving vehicle, ISAs will be reformed into a simpler product, the New ISA (NISA).
All existing ISAs will become NISAs and account holders will benefit from new flexibility in relation to their accounts, as well as an increased overall subscription limit of £15,000.

Advertisement
NISA savings can be held in cash or stocks and shares in any combination that the saver wishes. The Government is changing the name to reflect the significantly increased limits and flexibility associated with the NISA.

The Association of Taxation Technicians (ATT) welcomed the announcement saying that it will increase the value and simplicity of ISAs and provide significant incentive for those who save their money.

An increased subscription limit of £15,000 will apply from July 1, 2014, and investors will have the choice of whether to invest this amount in either cash or stocks and shares, or indeed a combination of both. The old limits on how much can be invested in each element are set to disappear. This will make the ISA a more flexible choice of tax free savings for many.

President of the ATT, Yvette Nunn, said: “These measures are welcomed by the ATT, as it provides an incentive for individuals to save over their lifetime and also signals a much needed boost for savers who have seen very little in the way of benefit over the last few years.

“The ability to transfer ISA savings out of stocks and shares and into cash ISAs, without losing the tax free status, will be particularly helpful in allowing individuals the flexibility to manage their savings, especially in circumstances where older savers are coming up to retirement. I urge the Government to keep in mind the critical importance of simplicity and not over-complicate the new ISA.”

More information
Full coverage Budget issues affecting small businesses and freelancers - and experts reactions to them - will be available in the Political News section of Shout99.

Alerts also available through our Twitter feed.


--
If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'.
-
Susie Hughes © Shout99 2014

View Comments (Flat Mode) Printer Version

Mail this to a friend
Budget 2014 (5): ISAs just got... Susie Hughes - 20/03
    Re: Budget 2014 (5): ISAs just... asifnnnnnnnnnn - 20/03
       Re: Budget 2014 (5): ISAs just... TonyHarris - 24/03

Copyright 1999-2012, Shout99.com | All Rights Reserved | Legal Notice
 

Advertisements
advert
advert
advert
advert