The recent increase in the amount of money people can put into individual savings accounts (Isas) is good news for consumers, one expert has claimed.
Roy Beale, media relations officer for Nationwide, explained that the increase means that people now have more opportunity to invest more in an Isa .
However, he added that he would like further changes to be introduced.
Mr Beale said: "We would like to see cash and equity Isa limits equalised and index linked to inflation to ensure their true value is maintained."
He also explained that people can transfer money from a cash Isa to a stocks and shares Isa but that as the money cannot be transferred back, people should make sure that they fully understand the risks before they do so.
The total amount of money people can hold in Isas has now increased to £7,200, with the amount people can place in a cash Isa rising to £3,600.
Isa increases good news for savers
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Isa increases good news for savers
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