ISA Rule Changes: Tax Planning Special
Published / Last Updated on 04/02/2008
ISA Rule Changes: Tax Planning Special
The rules Rule changes for ISAs from 6 April 2008
ISAs are available indefinitely – there is now no set end date for them
Every adult will be able to invest up to £7,200 a year. Up to £3,600 can be saved in cash with one provider. The remainder can be invested in stocks and shares with either the same or more than one provider.
All PEP accounts will automatically become stocks and shares ISAs
Money saved in cash ISAs can be transferred into stocks and shares ISAs
Our view
ISA limits have increased but not with inflation. If you are a basic rate or higher rate tax payer, your ISA tax free allowance should be the first element of savings you use up.
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