Budget 2014 15000 ISA Limit

Budget 2014 - 15000 ISA Limit

The overall annual subscription limit will be increased to £15,000 from 1 July 2014, and this full amount will be permitted to be held in either cash, stocks and shares, or any combination of the two.  Individuals will be permitted to transfer any funds previously invested in stocks and shares into cash outside of annual subscription limits.

What this means?

It means you no longer just have the choice of your whole allowance in a stock ISA or mixing your ISA allowance with half in a Cash ISA and half in a Stock ISA.  From July, you will be allowed to mix a match as you see fit or transfer between the two.

Wider ISA Investment Choice

The government will remove all restrictions on the maturity dates of securities permitted to be brought into an ISA from 1 July 2014.

The list of qualifying investments for ISAs will be extended to include peer-to-peer loans.  The government will continue to explore further extending the list to include debt securities offered via crowd funding platforms.

The list of qualifying investments for ISAs will be extended to include core capital deferred shares from 1 July 2014.

Child Trust Fund and a Junior ISA

The annual subscription limits for Child Trust Funds and Junior ISAs will be increased to £4,000 from 1 July 2014.

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