ISA Allowance
Published / Last Updated on 08/02/2010
Extra ISA Allowance – Use It or Lose It
by Ashley Clark, Director
If you are already 50 or over or will be before 5 April this year, remember you have an extra ISA allowance of £3,000 available.
The investment limits have increased to £10,200 meaning you can invest the full amount into a stocks and shares ISA or up to £5,100 in a cash ISA and the balance into a stocks and shares ISA.
The higher allowance opens up to everyone with effect 6 April this year but if you can make use of the extra allowance for the current tax year, you should do so – why pay tax when you don’t have to?
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