The New Individual Savings Account (NISA) regime is soon coming into force. But how can it be used in retirement planning? Fiona Murphy finds out.
It's always felt a bit like ISA versus pension when you look at long-term savings. But the New Individual Savings Account (NISA) regime, and the added flexibility and tax breaks it will give savers, could soon change that, making ISAs a bigger part of retirement planning. Introduced in this year's Budget, a NISA is a simplified and tax-free savings account. With the annual limit set at £15,000, it is a significant improvement from current ISA limits. Clients can save three times the amount that you can currently in cash ISAs (the allowance for 2014-15 is £5,940) and it also exceeds th...
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