CHARTERED TAX ADVISERS
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Home > > 12 March 2008 Budget Report > Personal Savings
The total annual limit is £7,200 (previously £7,000). At the same time the cash ISA yearly limit is increased to £3,600 (previously £3,000). Thus you will be able to invest all of this in equities or up to £3,600 in cash and £3,600 in equities.
Child Trust Funds will be capable of being rolled into an ISA once the child becomes 18.
From 6 April 2008 all old PEP accounts will be re-branded as stocks and shares ISAs, and should you wish you will be able to top them up using your 2008/09 ISA allowance.
In December 2006, it was announced that ISAs would be a permanent savings option.
For further details email Eacotts on services@eacotts.com or call 01628 665432
Eacotts Chartered Accountants and Chartered Tax Advisers
Servicing the Thames Valley, Berkshire, Buckinghamshire and the UK
This document is for guidance only and professional advice should be sought before acting on the information contained. No responsibility will be accepted by Eacotts for loss occasioned as a result of action taken, or refrained from, in consequence of the contents
Eacotts Limited is a company registered in England and Wales.
Company number 4708201. Registered Office: Grenville Court, Britwell Road, Burnham SL1 8DF
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