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.

Top 10 Personal Finance Articles – September 2009

Here is our usual monthly list of the top 10 read articles on shrewdcookie.com in September – there are some surprising entries!

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.

Top 10 Articles – June 2009

The following is a list of the top ten articles visited in June 2009.

1. Pay Yourself First – the first step in wealth creation

Those who save first then spend invariably end up better off than those who spend first and save what is left.

Personal Finance Questions – April 2009

In this new feature we will answer some of the many questions we have been receiving from visitors to shrewdcookie.com. It is often said that if you ask a question chances are that many other people also want to ask that very same question.

Although we receive a large number of personal questions we have to remind you that we do not give financial advice on this website – we encourage you to visit an independent financial adviser, solicitor or accountant if you wish to discuss any particular course of action which may be prompted by an article you read on our site.

Top 10 Articles – April 2009

This article contains the Top 10 articles read by our visitors in April 2009. There are some fantastic articles here covering ISA’s, increase in ISA allowance, changes in the Budget 2009, Inheritance Tax planning, 10 Great reasons for writing a will etc. Read more…..

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.

Change in ISA Allowances – Budget 2009

Budget 2009 – ISA Allowance Increased – from 6th October 2009

In his Budget speech on the afternoon of 22nd April 2009, Chancellor of the Exchequer, Alistair Darling, announced that with the maximum amount which can be invested in a tax-efficient ISA will rise from £7,200 to £10,200. Read more……..

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