Welcome to the new and improved Isa

A survey out this week showed that 77% of UK adults have not yet heard about the ‘new individual savings account’ (Nisa). This rather suggests that 77% of adults don’t ever quite make it to the money sections of their newspaper. Last weekend, every single one ran a feature on Nisas – the bigger, better versions of the tax-efficient Isa savings wrappers that most of us know and love. If you are one of the many who got distracted by the sports and review sections, what exactly is it that you need to know?

There are three key points. The [...]

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