2014-15 New ISA Allowance
Since 6th April 2011, the ISA limit has increased in line with inflation on an annual basis. The new ISA allowances are normally set by HMRC in October based on the rate of inflation at the end of September. Under current ISA allowance rules for the 2014/2015 tax year, UK adults can save up to £15,000 - this is the New ISA or NISA allowance. All of this amount of can be saved in a Cash ISA or a Stocks and Shares ISA, or you can invest some of your ISA allowance in a cash ISA and the remainder in an investment ISA.
The New ISA (NISA) allowance for the current 2014/15 tax year is:
- 2014/15 ISA Allowance: - £15,000 (for ISA investments up to 5th April 2015)