Budget 2008 - ISAs
The budget confirmed previously announced increases to ISA allowances for 2008/09. From 6th April individuals can contribute up to £7,200 in ISA. Of this up to £3,600 can be invested in cash. The remainder can be invested in Stocks and Shares. The old and confusing regime of Mini and Maxi ISAs will cease to exist after 5th April. Instead, the more appropriately labelled Cash ISA and Stocks and Shares ISA will be the terminology.
Individuals contributing the maximum amounts by direct debit may wish to review their arrangements.
