According to the Mirror its been a year since the Government announced  a higher ISA limit of £15,000 (before you could only save £5,940 in a cash ISA). This took effect from 1 July 2014.

So if you opened an ISA this year, you’ve got until 5 April to save up to that £15,000 allowance. You can save into a cash ISA, or a stocks and shares ISA, or both.

From 6 April, the ISA allowance will rise to £15,240 – meaning you can save even more money in 2015-16.

This year, new rules will make it easier to take money out of an ISA. But for now, if you want to transfer your ISA it’s best to ask your provider to do it for you however many people decide to seek independent advice . The reason for this is so that they are able to exsplore all of the other options available to them and have all their questions answered before deciding on their final decision on what to do.

If you wish to seek independing financial advice on your ISA or to create an ISA , we at Hutt Professional have financial advisers with many years of experience offer independent financial advice and advice on ISA’s who would be more than happy to offer you in indepedent financial advice you need. If you are located in Leamington Spa or surrounding areas and wish to seek indepedent financial advice please do not hesitate to contact us.

 

source: http://www.mirror.co.uk/money/isa-allowance-2015-how-much-5410053       27/03/2015