Good news. The new ISA limits announced in the last budget are now available.
With effect from 1 July 2014 the previous ISA limit (£11,520) has been significantly increased to £15,000. Furthermore the 50% cash ISA limit of £5,760 has been abolished so that any combination of cash and stocks and shares can be held within the ISA wrapper up to the overall £15,000 limit. These products will be termed “New ISAs” or NISAs.
The Junior ISA limit has increased to £4,000.