As you know, the government announced in the 2014 Budget that from the 1st July 2014, ISAs (Individual Savings Account) will be reformed into a new, simpler product, the ‘New ISA’ (NISA) with equal limits for Cash, and Stocks and Shares. Not only is the ISA (or NISA) savings limit being increased to £15,000, any money held in a Stocks and Shares NISA can be transferred to a Cash NISA.
For more information on the changes please read the following fact sheet: NISA Fact Sheet
These changes will be introduced into ATEB suitability this evening, ready for use tomorrow morning.
There is no action required on your behalf and all your Favourite templates will be automatically updated.
Should you have any questions or queries please do not hesitate to get in touch.
Double bubble equals trouble
Paul Jay Compliance EBI, FCA, PI, platform
A lot of our recent articles have provided our views on what we see as a significant shift in the FCA’s stance and the tone of their language. Not because we do so for the fun of it, but because there has been a tangible shift. As yet, the anticipated findings from the thematic review […]