Recent ISA Reforms:
Key elements have come into effect from April 6th 2008 are;
• ISA’s available indefinitely.
• All Personal Equity Plans (Peps) will be automatically become Stocks and Shares ISA’s
• A new structure and limits, removing the Mini/Maxi distinction.
• From April 6th 2008 every adult will have an annual ISA investment allowance of £7,200.
• Up to £3,600 of that allowance can be saved in Cash with one provider.
• The remainder of the £7,200 allowance can be invested in Stock and Shares with either the same provider or another provider.
• Savers will be able to transfer some or all accumulated funds in Cash ISA’s from previous years into a Stock and Shares ISA without affecting their current year’s allowance.
Call us on 01983 811505 for a free initial interview if you are considering investing in an ISA.