Welcoming the New ISA

Last year it was reported that the Treasury had asked ISA providers about the practicalities of capping total investments at £100,000. Anyone expecting the worst in the Budget was pleasantly surprised.

Last year it was reported that the Treasury had asked ISA providers about the practicalities of capping total investments at £100,000. Anyone expecting the worst in the Budget was pleasantly surprised.

Initially the ISA limit rises to £11,880 for 2014/15 (£5,940 for cash element), but more radical changes begin on 1 July 2014:

In addition, there will be consultation on including in the list of eligible investments peer-to-peer lending and debt raised by crowdfunding platforms.

The value of tax reliefs depends on your individual circumstances. Tax laws can change. The Financial Conduct Authority does not regulate tax advice. The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.