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MSE News Comment - Martin Lewis: Will you really gain from the new NISAs? - Page 7

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

edited 19 March 2014 at 6:17PM in ISAs & Tax-free Savings
62 replies 11.3K views
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Replies

  • tigerm25tigerm25 Forumite
    25 posts
    Sixth Anniversary 10 Posts Combo Breaker Uniform Washer
    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!
  • innovateinnovate
    16.2K posts
    ✭✭✭✭✭
    Sometimes I wish nobody had ever coined the phrase NISA. It seems to mainly cause confusion.
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