NISA
The tax efficient savings account

NISA stands for New Individual Savings Account.

The ISA allowance for the 2014/15 tax year has increased to £15,000 with effect from 1st July 2014.

You can elect to invest in cash or in a wider range of investments including equities, stocks and shares and bonds for example.

You can also transfer from a Cash ISA into an Investment ISA should you so wish and vice versa, so much more flexibility than previously with a higher investment limit.

We recommend that you call us and seek advice for this investment and remember that we specialise in Ethical and Socially Responsible Investment.

Please feel free to call us on 01489 780900 and we would be pleased to help.

 

 


Things to remember:

NISA rules may change in the future.

The value of this favourable tax treatment may depend on your individual circumstances.

Investments can rise and fall in value and you may get back less than you originally invested.

You can only subscribe to one NISA in a single tax year.

 

 

Non-taxpayers, particularly young people and children may find traditional savings accounts more suitable. You'll need to register for gross interest by filling in an R85 form, available from your saving provider or tax office.

To discover more about ISAs or to talk over other tax-efficient savings options if your ISA limit has been reached, contact us today.

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