Time is running out if you want to make the most of your tax-efficient savings allowance

If you are keen to take advantage of the New Individual Savings Account (NISA) allowance,which has now been increased to £15,000, and you want to  make the most of your tax-efficient savings, time is running out. You only have until 5 April to fully utilise your 2014/15 NISA allowance, after which it will be lost forever.

 The chancellor George Osborne speech on the 2014 budget , he  announced that from 1 July last year ISAs would be reformed into a much simpler product, the NISA. Furthermore, all existing ISAs would be automatically converted to a NISA. Time is nearly running out however if you still would like to seek independent financial advice on this and whether it would suit you, we at Hutt Professional have financial advisers with many years of experience who would be more than happy to offer you the independent financial advice that you need.

From 1 July 2014 the overall subscription limit set by the Government for 2014/15 increased from £11,880 to £15,000. It is now possible for new subscriptions to be split in any proportion between a new Cash NISA and new Stocks & Shares NISA. Therefore, you now have more choice about where to put your money: invest it all in a Cash NISA, split it however you want between a Cash NISA and Stocks & Shares NISA, or invest the full subscription allowance in a Stocks & Shares NISA.

If you wish to seek independent financial advice on whether a NISA is something you should do or on any of your currecnt ISA’s , we at Hutt Professional have financial advisers with many years of experience who would be more than happy to offer you that independent financial advice. If you are located in Leamington Spa or surrounding areas and wish to seek independent financial advice please do not hesitate to contact us.

source: goldminemedia.co.uk