Chancellor George Osborne announced major changes to the rules around Individual Savings Accounts in his 2014 Budget speech which could have a significant impact on your savings and investment strategy.
Instead of having to invest solely in cash (Cash ISA) or shares (Stocks and Shares ISA) you will now be able to invest in either within one tax efficient New ISA wrapper (NISA).
There will be flexibility to move your money from shares to cash (or vice-versa) within the New ISA, depending on your circumstances and appetite for risk. The total you can protect from tax is also rising to £15,000 per annum.
If you have any questions about how to take advantage of the New ISAs, please get in touch.