Individual Saving Accounts (ISA's) - December 2007
The government has been consulting interested parties on changes to ISA's.
A number of changes were announced but they do not take effect until April 2008:-
- Increase in investment limit from £7,000 to £7,200
- Increase in limit for a cash ISA from £3,000 to £3,600
- Removal of the distinction between mini-ISA's and maxi-ISA's, subject to the overall limit of £7,200 pa
Have you utilised your 2007/08 ISA allowances yet? Investing in an ISA is tax efficient. If you require further advice, please let us know.
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