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Individual Savings Accounts
New Individual Savings Account limits come into effect.
From the 6th of October 2009, the ISA annual subscription limit will increase to £10,200 for anyone eligible to invest in an ISA who was born on or before 5th April 1960 (i.e. who will be 50 or over during the current tax year).
Up to £5,100 of the new ISA annual subscription limit can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider. Alternatively, the full £10,200 can be invested in a stocks and shares ISA with one provider.
The new higher limits will extend to all eligible ISA investors with effect from 6th April 2010.
If you require any advice or guidance with this years ISA allowances or indeed require a performance and charges review of your existing ISA then please contact Throgmorton IFA by using the following link or telephoning 0161 998 8230.
If you would like further information please Contact Throgmorton
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