Changes To ISA Account Limits
The ISA tax free savings accounts are limited by rules that specify how much you can invest and this has been set at £7,200 but that will be changing from 6th October 2009 for anyone who will be aged 50 or more by the 5th April 2010 and from the 6th April 2010 for everyone else.
From the 6th October 2009 anyone who is 50 or older by 5th April 2010 will be allowed to invest up to £10,200 in either fully in a stocks and shares ISA account or 50% in a cash ISA and the remainder in a stocks and shares ISA.
If you currently hold an ISA account and you will meet the criteria you should speak to your ISA provider and if you do not hold an ISA there are plenty of eager providers to be found with a quick search online.
Related posts:
- A Safe Gamble With Premium Bonds Interest rates for savers are fairly disappointing right now...
Related posts brought to you by Yet Another Related Posts Plugin.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment