A new ISA for a new era

By Mattioli Woods

02 Jul 2014

As part of a number of changes announced in the Budget 2014 we were waiting for the normal nominal increase in the annual ISA allowance, as we have become accustomed to seeing in recent years.

However, for the 2014-15 ISA year and beyond a New ISA or “NISA” becomes available from the 1st July 2014, with a greater level of flexibility available as well as a substantial increase in the available contribution to £15,000 a year, which is an increase of £3,480 on the previous allowance.

Not to be confused with the local convenience store, the NISA flexibility will offer the option to save your whole NISA allowance of £15,000 in cash, stocks and shares, or any combination of the two.

Also, for those clients who have already been saving into ISAs over many years, the new flexibility will mean that those historic holdings could also be moved over into cash or stocks and shares. With no complicated rules in the background this means that an investor can really have the flexibility to invest their ISA holdings as they wish.

This flexibility is also useful in seeking to meet the asset allocation and risk profile needs of clients as they move through the different seasons of life. For example, during the accumulation phase of life it may be appropriate to adopt a strategy that involves the NISA holdings being allocated to more growth orientated funds, such as stocks and shares, whilst in retirement it might be appropriate to reduce risk as monies are required by moving to cash or other income producing assets. In this way we can seek to meet client objectives and provide a coherent and balanced strategy within investment planning. At Taylor Patterson we have produced a Guide to Investing that explains in more detail how we seek to plan with our clients and help them take control of their future. For more information, contact Jason Street on 01772 555073 or [email protected].

Latest news

1

New road will drive Fylde’s economy forward M55 To Heyhouses Link Road Opening

New road will drive Fylde’s economy forward

23 Jul 2024

2

Partington's seeks permission to build £75m leisure destination Partingtons Windy Harbour Visuals

Partington's seeks permission to build £75m leisure destination

23 Jul 2024

3

Accrington & Rossendale College goes all out to win soapbox challenge Dr John Barker from Accrington and Rossendale College in their entry for the 2024 Soapbox Challenge.jpg.jpg

Accrington & Rossendale College goes all out to win soapbox challenge

23 Jul 2024

4

Strategic marketing agency ICG celebrates 30 years in business ICG_30th_Anniversary_Photo.jpg.jpg

Strategic marketing agency ICG celebrates 30 years in business

23 Jul 2024

5

ELE invests £700,000 in additional advanced technologies 2. New machine in position prior to being commissioned and operational.jpg.jpg

ELE invests £700,000 in additional advanced technologies

23 Jul 2024

Bec Web Strip 980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference
BEC 315 X 315 Px
Networking
25 Sep 2024

Lancashire Built Environment Conference

Conference and Exhibition Centre, Winter Gardens Blackpool, FY1 1HL

08:30 - 13:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Preston Freelancer MeetUp and Coworking Day
Screenshot 2024-06-13 at 13.55.10.png.png
LBV Hub Networking
30 Jul 2024

Preston Freelancer MeetUp and Coworking Day

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Skills Bootcamp in Procurement - Cohort 1
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
30 Jul 2024 - 08 Oct 2024

Skills Bootcamp in Procurement - Cohort 1

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Scaling your revenue: From zero to £1m in 60 months
CBP-logo LBV.png.png
LBV Hub Webinar
31 Jul 2024

Scaling your revenue: From zero to £1m in 60 months

Online, Online, Online

08:00 - 09:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
31 Jul 2024

Chamber Breakfast Networking

Pye Motors, Morecambe, LA3 3PF

08:00 - 10:00

Online Women's Health Clinic
clinic.png.png
LBV Hub Webinar
06 Aug 2024

Online Women's Health Clinic

x, Online, x

12:00 - 12:00

International Coworking Day Open Day
1.png.png
LBV Hub Social
09 Aug 2024 - 09 Aug 2024

International Coworking Day Open Day

Society1 Coworking Space, Prestin, PR1 3 LT

10:00 - 13:00

Knowledge & Networking: Basic Digital Marketing
Chamber Logo1.png.png
LBV Hub Seminars
12 Aug 2024

Knowledge & Networking: Basic Digital Marketing

Lancaster Golf Club, Lancaster, LA2 0AJ

14:00 - 13:00

Understanding Menopause
menopause.png.png
LBV Hub Webinar
15 Aug 2024

Understanding Menopause

x, Online, x

12:30 - 13:15

Sub36 Networking Event - The Bee Centre
Sub36 Socialbee Centre
Networking
15 Aug 2024

Sub36 Networking Event - The Bee Centre

The Bee Centre, Chorley, PR6 8LZ

15:00 - 17:00

Mini Networkers - Family Fun Morning
CBP-logo LBV.png.png
LBV Hub Networking
16 Aug 2024

Mini Networkers - Family Fun Morning

Community & Business Partners CIC, Blackburn, BB2 3UA

10:00 - 13:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin