Budget 2014: huge revolution in Isas and pensions

George Osborne surprised just about everyone with substantial changes to pensions and Isas. Ed Bowsher looks at what’s new.

George Osborne surprised just about everyone today with some very substantial changes to the pension and Isa regime.

Let's start with Isas. The current annual limit is £11,520, only £5,760 of which can be saved into a cash Isa. At the moment, you can never transfer money from a stocks and shares Isa to a cash Isa.

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Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

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