Information for ISA managers and investors as announced at Budget 2014.
The New ISA and changes to Junior ISA and the Child Trust Fund: increasing flexibility for savers and investors
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From 1 July 2014 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. 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.