Individual Savings Accounts

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Individual Savings Accounts

Coins


Annual exempt amount	Overall Limit £	Cash Limit £
2007/08	7,000	3,000
2006/07	7,000	3,000
Savings are exempt from income tax and capital gains tax. For 2008/09... There will be an increase in the overall investment limit from £7000 to £7,200. There will be an increade in the Cash ISA limit from £3,000 to £3,600 The distinction between Mini ISA's and Maxi ISA's will be removed, subject to an overall investment limit of £7,200. PEP funds are also planned to be moved within the ISA wrapper.

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