ANNOUNCEMENTS - 01-06-2009
Birth Date - 'present'
From 06.10.2009, the amount over-50s can invest in ISAs has risen from £7,200 to £10,200
Since 06.04.2010, the amount everybody can invest in ISAs has risen from £7,200 to £10,200
New ISA Annual Savings Limits Explained
- From 6 October 2009, the ISA subscription limit will increase to £10,200 for anyone eligible to invest in an ISA, born on or before 5 April 1960 (that is, who will be aged 50 or over during the current tax year).
- Up to £5,100 (previously £3,600) of the new ISA allowance can be saved in a Cash ISA with one provider. The remainder of the £10,200 (previously £7,200) can be invested in a Stocks & Shares ISA with either the same or another provider.
- Alternatively, the full £10,200 can be invested in a Stocks & Shares ISA with one provider.
- From the 6 April 2010 these higher limits will apply to all other eligible investors who are 18 years of age and over for Stocks & Shares ISAs and 16 years of age and over for Cash ISAs.
* please note that tax rules may change in the future.
