ISA limits are being increased to £10,200 for the over 50s, but worryingly a research conducted shows that over half (54%) have no idea what the new limits will be. A further two fifths (41%) know the limit is increasing, but did not know by how much.
UK investors may not have had much to cheer about this year but raising the investment limits on ISAs is at least some good news – especially for the over 50s.
Looking to build up a savings nest egg? Want to know more about tax-free investments? What type of ISA investment is right for you? Here are some ISA guides for you.
- Free ISA brochures
- Choosing an ISA
- More on investing
| Nationwide Building Society | 4.5% | Apply |
| Nationwide Building Society | 4.49% | Apply |
| Alliance & Leicester | 3.5% | Apply |
Older savers can top up their Isas by up to £3,000 as new tax-free savings allowances come into force.
| ING Direct | 3.2% | Apply |
| Alliance & Leicester | 3.15% | Apply |
| Citibank | 3.1% | Apply |
| Sainsbury's Finance | 3% | Apply |
| Tesco Personal Finance | 3% | Apply |
As the ISA limit increase for over 50s approaches, you may be wondering how you can make the most of the tax efficient wrapper, particularly when the Government looks set to push taxes up in the not too distant future.
The Government's increase to the tax-free savings allowance for older people looks set to spark a mini ISA season as savings providers compete for consumers' cash.
There may be chaos in the financial and property worlds, but some houses look immune to the gloom. Check out these pricey properties