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Saturday November 18th, 2017 

News Archive - May 2014

ISA Boost

6/5/2014

From July 1 2014 the ISA limit for each adult will increase to £15,000 per year. The other big improvement is that there will no longer be any difference between cash and Stocks & Shares ISAs.

This will enable savers to make use of Stocks & Shares ISA funds to aim for better growth and build up a savings pot while interest rates are so low, and then potentially change over to a Cash ISA account in the future if and when interest rates get back to normal.

There really is no excuse for complaining about being taxed on your savings when the new limits will allow a large sum to be sheltered from tax in a relatively short period (especially for a couple).

Call Mulberry Financial for an appointment if you want to stop paying tax on savings income.

 

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The material here is for general information only and is not intended to be relied upon for individual investment decisions. Appropriate independent advice should be obtained before making any such decisions. Mulberry Financial Ltd does not accept any liability for any loss suffered by any user as a result of any such decision.
The information is based on our understanding of current HMRC rules and practices (as at the news article date) which are always subject to change. Taxation and trust advice and Cash ISAs are not regulated by the Financial Conduct Authority. This site is aimed at UK residents only.
Please remember that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. Past performance is not necessarily a guide to the future.


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