The New ISA: What should clients do with their extra allowance?

What should clients do with their extra allowance?

Laura Miller
clock • 5 min read

From 1 July, new ISA rules come into effect, giving savers more flexibility and an increased tax free allowance. What should clients do with that freedom? Laura Miller asks the experts...

It may have been overshadowed by the pensions overhaul, but Chancellor George Osborne handed savers another welcome boost in the March Budget, upping the amount of tax free money they can squirrel away into an ISA - current or new - to £15,000 from 1 July. Savers can use the full limit for either cash, investments or a mix of both - a change from the previous rules which only allowed half of the allowance to be held in cash. However, a consumer attitudes survey of more than 2,000 people commissioned by wealth management business True Potential suggested 38% don't intend to use any par...

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