Making the most of your ISA allowance

Individual Savings Accounts (ISAs) are a popular tax-free saving option for many individuals. Ideal for saving small, regular amounts, ISAs are available from banks, building societies and a variety of other providers. From 6 October 2009, those aged 50 and over can invest up to £10,200; this higher allowance will be extended to all adult savers from 6 April 2010.

You have until 5 April 2010 to make your 2009/10 ISA investment.

ISA investment limits

Overall

Cash

2009/10

£7,200

£3,600

Aged 50 or more (from 6.10.09)

£10,200

£5,100

 

 

 

2010/11 (all adults)

£10,200

£5,100