Budget Savings...

With the 2014 budget one of the area’s Enable will be able to help with is a review of your savings. Osborne announced a complete overhaul of tax-free individual savings accounts (Isas), saying savers would be allowed to invest up to £15,000 a year in cash accounts, stocks and shares or a mix of the two, and to transfer money from stock market investments to cash savings and vice versa.
So cash and stocks Isas are to be merged and the limit for tax-free savings to be raised from £11 520 to £15 000 for adult individuals.

The changes in the rules will come into force on 1 July 2014 that is when we will see the birth of the "new Isa", or Nisa. The government will also raise the limits for Junior Isas and child trust funds from £3,720 to £4,000 at that time so it might be worth saving for the children or grandchildren this way. The investment limit on NS&I premium bonds is also set to rise from £30,000 to £40,000 from 1 June 2014, and to £50,000 in 2015, and the number of £1m top prizes will increase to two a month from August 2014, a safe investment with the potential to win big doubled!

Better products and genuinely impartial advice, had got to be the way forward to help millions of consumers get the best possible return on their savings and investments. Enable’s Independent Financial Advisors in Bishop’s Stortford are here to help.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE