From 1 July 2014 the amount that you can put into an ISA will go up to£15,000 – about £4000 more than currently.
It will also be much more flexible than existing ISAs as it will allow both cash savings and stocks and shares in the one investment. And, boldly, it will allow cash held in existing ISAs to be transferred
to stock and shares and reversely, will allow investment holdings in ISAs to be transferred fully to cash holdings regardless of the amounts –all remaining within the ISA tax-free wrapper.
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