Savings and Investments from Newcastle Independent Financial Advisers

Amethyst IFA

83 Howard Street
North Shields
Tyne and Wear  NE30 1AF

0191 257 6704 0191 257 6256 Mon - Thurs 9am to 5pm
Friday - 9am to 4:30pm

ISAs

New ISA

The Chancellor, George Osborne, announced significant changes to tax-free individual savings accounts (ISAs) in his March Budget, which took effect on July 1, 2014. ISA's became NISA's (New ISA's) in the biggest change since ISA's were first introduced way back in 1999. A NISA is essentially a tax-free wrapper with a given annual limit. The NISA allowance (the amount you can invest each tax year) has now risen to £15,000 - previously £11,880. The NISA has improved flexibility as the new rules will allow you to split the NISA allowance as you wish between a Stocks & Shares NISA and a Cash NISA. The NISA also comes with improved transfer options. You can now transfer from a Stocks & Shares NISA to a Cash NISA and vice versa. Under previous rules you could only transfer from a Cash ISA to a Stocks & Shares ISA. The new rules also allow interest on cash held in Stocks & Shares NISAs to be completely tax-free. Previously interest was paid net of basic rate tax.

Equity investments do not include the same security of capital which is afforded with a deposit account.

Levels and bases of and reliefs from taxation are subject to change and their value depends on the individual circumstances of the investor.

The value of investments and the income from them may go down. you may not get back the original amount invested.

The Financial Conduct Authority does not regulate taxation advice. We are entered on the Financial Services register No 623925

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amethyst IFA Paul Richardson Alan Dennett Malcolm Butters Liz MacBride Keith Wilkinson Stephen Anderson Karen Chapman