Posts in Category: ISAs

A NISA way to save 

Tuesday, July 15, 2014 12:00:00 PM Categories: ISAs

You may have seen recent press articles on the changes to ISA limits from 1st July 2014. Called the NISA (new-ISA), you are now able to save up to £15,000 each year, up from £11,880. If you have already taken out an ISA in the 2014/15 tax-year it will have automatically converted into a NISA

We have always promoted the use of ISAs as a cornerstone of your investment portfolio due to their excellent tax benefits, including no Capital Gains Tax on withdrawal and no tax on any interest payments received, and this is still the case with the NISA.

However, you should still remember that you can only open one 'Cash' NISA and one 'Stocks & Shares' NISA in any tax-year. You should also be aware that any payments made between 6th April 2014 and 1st July 2014 will also count towards your annual allowance of £15,000.

As always, if you would like to discuss this further please get in touch.

Welcome to the 2014/15 tax-year! 

Monday, April 07, 2014 4:01:00 PM Categories: Budget Investments ISAs pensions Regulations

As I am sure you are aware, the 2014/15 tax-year started on Sunday 6th April. The new tax year promises to be an interesting one with the introduction of the NISA (New ISA) from 1 July, which will allow contributions up to £15,000, as well as the new flexibility with regard to pensions (although the real flexibility comes in in July 2015 where the whole pension fund can be taken as a lump sum, less tax at your marginal rate).

If you would like to discuss any of these topics or indeed any other area we can assist in, please get in touch.

Don't forget about ISAs! 

Monday, February 27, 2012 10:21:00 AM Categories: ISAs

With the 2011/12 tax-year quickly coming to an end you should be ensuring that any ISA contributions you were planning to make are finalised before 5th April 2012. You have a maximum allowance of £10,680 in this tax-year, which can include up to £5,340 into a Cash ISA account.

If you would like to discuss this further please get in touch with your usual IFA at Whichers IFA Ltd or you can use the Contact Us option to request a callback.