'An ISA is nicer than a NISA – so we're going to call them ISAs' blog discussion

Former_MSE_Paloma

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Read Martin's "It seems an ISA is nicer than a NISA – so we're going to call them ISAs" Blog.

Please click 'post reply' to discuss below.

colsten

Thank you, that's so much better.

Ectophile

The main changes were a bigger £15,000 limit, the ability for all of it to be cash savings (so more than doubling the tax-free savings cash limit in effect) and the ability to convert old shares ISAs into cash ISAs.

The main change was the sudden and substantial drop in interest rates as the banks decided they didn't want all the extra money.

Archi_Bald

Ectophile wrote: »

The main change was the sudden and substantial drop in interest rates as the banks decided they didn't want all the extra money.

It doesn't have to be a cash ISA - S&S ISAs are a great alternative, and you can keep some cash in other interest paying accounts which pay more than cash ISAs.

jimjames

Ectophile wrote: »

The main change was the sudden and substantial drop in interest rates as the banks decided they didn't want all the extra money.

So don't use cash ISAs? Use an account paying more? Or as suggested use S&S ISA where you can get 4% income if income is important to you.

Easy to get money back in a ISA again now limit is £15k.