From July 1 2014 all ISAs became New ISAs (NISAs). This applies to all existing ISAs and new accounts that were opened after 1 July. Cash and shares ISAs have been merged into single New ISA (NISA) with annual tax-free savings limit of £20,000(for tax year 2018/19). This was to make the system “simpler”. You can use the full limit for either cash, investments or a mix of both.
If you want to discover the benefits and save into a Stocks and Shares ISA or wish to review your existing holdings please contact us.