Mini and maxi ISAs no longer exist. You can invest in two separate ISAs each tax year; a cash ISA and a stocks and shares ISA - these can be from the same or different providers.

The annual ISA allowance has increased to £7,200. Savers are entitled to invest the entire £7,200 allowance in a single stocks and shares ISA or alternatively they can invest up to £3,600 a year in a cash ISA with the balance invested in a stocks and shares ISA.

Savers can transfer some or all savings accrued in cash ISAs up until 6th April 2008 to a stocks and shares ISA without affecting their annual ISA allowance – this means you can benefit from the greater potential for growth in a stocks and shares ISA with money you have previously saved in cash ISAs.

Savers can also transfer money saved in the current tax year in a cash ISA to a stocks and shares ISA – as long as you transfer the full amount.

All Personal Equity Plans (PEPs) will automatically become stocks and shares ISAs.

Mini cash ISAs, TOISAs and the cash component of a maxi ISA will all become cash ISAs.

ISAs are available indefinitely. There is no set end date for ISAs.

The benefits of a Newton ISA

• A wide range of funds to suit your individual investment needs (find out more about our fund range)
• All funds benefit from Newton’s tried and tested investment approach
• Flexibility to switch between funds as your circumstances change
• Investment management is our only business so you benefit from our focused approach

What you can do to maximise your potential savings

To transfer your accrued cash ISAs to a Newton stocks and shares ISA simply use the ISA Transfer form linked on this page and send to our Freepost address. If you have any questions or want further information on the available funds contact your Financial Adviser, or call our Client Services team on 0800 614 330.