News and blog

Individual savings accounts allowance (ISA limit 2011).

Just a quick note to keep everyone up to date on the new ISA allowance, which in our opinion is not the easiest of numbers to remember!

The new 2011/2012 cash ISA limit is £5,340 and the limit for a Stocks & Shares ISA is £10,680.  You can invest up to £10,680 into a stocks a shares ISA if you don't take the cash ISA allowance.

Both Cash ISAs and Stocks & Shares ISAs are open to anyone over 18, resident and ordinarily resident in the UK. Anyone over 16 can have a cash ISA.

Just a quick note to keep everyone up to date on the new ISA allowance, which in our opinion is not the easiest of numbers to remember!

The new 2011/2012 cash ISA limit is £5340 and the limit for a Stocks & Shares ISA is £10680.  You can invest up to £10680 into a stocks a shares ISA if you don't take the cash ISA allowance.

Both Cash ISAs and Stocks & Shares ISAs are open to anyone over 18, resident and ordinarily resident in the UK. Anyone over 16 can have a cash ISA.


Following recent changes in government legislation, future ISA limits are now tied to the Retail Prices Index (RPI).

Future ISA allowances will be set by referring to the official RPI figures released each September with any increase applying to the ISA allowance for the following tax year. In the event of a negative RPI the ISA allowance for the following year will remain unchanged.

The RPI for September 2010 was 4.6% which means for 2011/2012  the overall  ISA limit has increased by £480. The Cash ISA allowance has increased by £240.

Hide comment form Hide comment form
 
  • 1000 Characters left
   
 

Bookmark This

RIS Tweets

Chancellor George Osborne sets date for next Budget https://t.co/IQYPKD5Rh0 https://t.co/EYAqyzRfAf
'Degree needed' to fathom financial small print https://t.co/WFVSUdgUO1 https://t.co/bpNyPQ7Nnd
Older borrowers may be offered mortgages into their 80s and 90s https://t.co/XkPykV0TUR https://t.co/AqKZwmxMRO

Contact us

Retirement and Investment Solutions
5 Lancer House, Hussar Court
Waterlooville
Hampshire, PO7 7SE

T: 01489 878300
F: 0870 0104883
E: advice@retirementis.co.uk