- 22
- Apr
- 09
NEW RELATED BLOG: 10/03/10 ‘Only 26 days left to use up 2009/10 ISA allowance ‘
The Chancellor, Alistair Darling, has just announced that the overall tax-free ISA allowance will be increased from £7,200 to £10,200, with the Cash ISA allowance element increasing to £5,100, from £3,600.
This will come into effect from October this year for those aged over 50 and from April next year for everybody else.
The Chancellor noted that over 18 million people have invested in ISAs since their launch and that the ISA limit has only been increased once since their introduction in 1999, which occurred in the last Budget.
He went on to note that the ten year anniversary of the ISA marks the ideal time to increase its limit once more, and highlighted that the current economic climate is having a huge impact on savers.
Related News articles: 03/09/09 ‘Change to ISA limit to boost savers‘
23/04/09 ‘Budget is ‘confusing for savings account users’‘
22/04/09 ’Chancellor raises limit on ISA savings accounts‘
Other related content: 02/06/09 ’Poll Analysis Special: Change in consumers’ ISA habits during credit crunch‘
25 Jun 10
10:30 am
I am really agree with you. The Chancellor, Alistair Darling, has just announced that the overall tax-free ISA allowance will be increased. The Chancellor noted that over 18 million people have invested in ISAs since their launch. He went on to note that the ten year anniversary of the ISA marks the ideal time to increase its limit once more.
http://personalisa.co.uk
Personal ISA