Tax free savings just got a whole lot NISA
22nd March 2015
In his budget on 19 March 2014 the Chancellor George Osborne replaced one of the nation’s favourite saving schemes, the Individual Savings Account or ISA, with the imaginatively entitled New Individual Savings Account or NISA. NISA by name and nicer by nature.
So how could they be improved? Firstly by making them more flexible and secondly by making them bigger which is better for savers (and their Cash ISAs, now NISAs) and better for investors (and their Stocks and Shares ISAs, now NISAs).
Since these changes, MoneyDoctor have advised a number of clients to help them reach their financial objectives under these new parameters. Read more about ISAs here.