August 28, 2014

ISA Limit raised to £15,000, all be held in a cash ISA

The ISA Limit will be raised to £15,000 from July 1st this year, with a Stocks and Shares ISA and Cash ISA effectively being merged into universal ISA. This means that investors can use the full £15,000 to invest in shares, invest the full £15,000 in cash or a mixture of both.

Peer-to-peer lending can also be included in an ISA allowance, some of which currently offer 5pc on a minimum deposit of £2,000.

Shares in listed retail stockbrokers surged today following the news with AIM listed Share PLC gaining 12.73pc.

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