30th June 2014 at 1:41pm
Since George Osborne’s Budget Announcement earlier this year, anticipation has been growing
around the proposed new ISA account. The New ISA (NISA), where you can invest up to £15,000, launches on the 1st of July 2014.
Keep an eye out for our future blogs explaining the new rules and for some tips on how to get the most from the new options.
One aspect that remains the same is your ability to invest in the stock market as part of your annual ISA allowance – the major difference being that there’ll be no limit on the percentage of the £15,000 that has to be saved as cash vs the amount that can be invested in stocks and shares.
Stocks and shares ISAs have traditionally been seen as the more complex, riskier alternative to cash. The illustration below from the Money Advice Service helps breakdown what’s involved and explains why you might want to look into investing in a Stocks and Shares ISA.
I hope you find this useful, get in touch in the comments section below if you have any questions about investing in Stocks and Shares or indeed the New ISA.
All information accurate at time of publication.
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