MSE News Comment - Martin Lewis: Will you really gain from the new NISAs?

tigerm25

Thank you innovate, you've answered my question. I've been saving for a deposit on a house since December last year, and I wanted to make sure I was saving the maximum I can afford to save.

innovate wrote: »

Why did you think you needed to open a new ISA today?

Because on MSE its seems to qualify this allowance rise by using the dates 6th April to 30th June;

"Any Isas opened between 6 April and 30 June will automatically become a NISA, with a higher limit. From 1 July, you'll be able to add further money up to the new £15,000 limit." Budget 2014: Cash Isa allowance up to £15,000 in New Isa (NISA), 19 March 2014

Thank you again for answering my question!

innovate

Sometimes I wish nobody had ever coined the phrase NISA. It seems to mainly cause confusion.