Vicky (geekette8) wrote,

PSA for UK people:

The ISA limits have changed for this tax year (2008-2009). You can invest a total of £7200 in ISAs overall and a maximum of £3600 in a cash ISA (last year the numbers were £7000 and £3000).

What this means in practice (and I only realised last night) is that if you have used the full cash ISA allowance and have an equity (stocks and shares) ISA for the remainder, the amount you can put in the equity ISA has actually gone down from £4000 last year to £3600 this year.

So if, for example, you have been paying £333 / month by Direct Debit or standing order into an equity ISA, you need to reduce that payment to £300 / month effective immediately.


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