Here’s a brief overview of ISAs (Individual Savings Accounts) – what you can and cannot do with them in the current 2011/12 tax year which ends on 5th April 2012. What is an ISA? An ISA (Individual Savings Account) is a tax-efficient form of saving or investment. It is tax-efficient in terms of income and [...]
Archive | ISA’s RSS feed for this section
ISA Allowances 2011/12 Tax Year
At midnight tonight the new 2011/12 tax year starts! ISA allowances are increasing from £10,200 to £10,680. Of this £10,680, up to £5,340 can be invested in a Cash ISA, and any unused allowance between the amount you put into a Cash ISA and the overall allowance of £10,680 can be invested in a Stocks [...]
ISAs – the basics – 2010/11 tax year
It’s that time of year again – as the end of another tax year approaches on 5th April we are now well and truly into “ISA Season”! Here’s a brief overview of ISAs for those new to this form of savings/investment, as well as for those who may have a few queries they need answers [...]
ISA’s for Children – an introduction
The Government has announced that a “Junior ISA” for children will be launched to replace the previous “child trust funds” which have been scrapped. The new “Junior ISA’s” are likely to come into force in Autumn 2011 and information on them is limited at present. The new ISA will be a simple and tax-free way for [...]
ISA’s – the basics – 2009/2010 tax year
A brief article covering the main aspects of investing in a ISA (Individual Savings Account) in the 2009/2010 tax year.
New ISA Rules – October 2009
ISA rules are changing on 6th October 2009 to allow those aged 50 and over to increase up to £10,200 each tax year into a Stocks and Shares ISA. Of this £10,200 allowance, up to £5,100 can be invested into a Cash ISA, with any unused allowance up to the £10,200 allowance being available to invest in a Stocks and Shares ISA.
Confused about the new ISA allowances and ISA limits?
I have been reading many articles recently about the changes in the ISA allowance and ISA limits coming about over the next 6-7 months so I thought I would summarise them in a nutshell and answer a few of the more common questions and enquiries we are receiving about the ISA limits increase in the 2009/2010 tax year.
Reminder – Cash ISA Allowance is Increasing!
Just a quick reminder that, as of 6th October 2009, the maximum which someone aged over 50 can pay into a Cash ISA in the current tax year is increasing from £3,600 to £5,100.
In the last Budget, the Chancellor of the Exchequer increased the Stocks and Shares ISA allowance from £7,200 to £10,200 for those aged over 50 (before 5th April 2010) with the increase coming into effect on 6th October 2009.
Saving Money on Your ISA Charges
In times of low returns it is vitally important to ensure that your ISA and other investments are not suffering from high charges. This can be helped by investing through a “fund supermarket” or “discount broker”.
Concerned about Stock Markets? ISA Cash Park
How to Park your Money in an ISA
Many people are concerned about the current state of UK and world stock markets, together with other investment asset classes, yet they would still like to utilise their ISA allowance for the future tax-efficient benefits which an ISA investment can provide.
