ISA rule changes
3 ISA opportunities
New government rules have come into force now, so you can take advantage of some new opportunities:
- You can now invest more each year (up to a total of £7,200) in an ISA.
- If you invest in an ISA through a regular savings plan, you can make the most of your ISA by contributing up to £600 each month.
- To give your long-term savings the higher potential returns that the stock market offers, you can now also transfer cash ISAs into stocks & shares ISAs without affecting your annual allowance.
Please remember that a unit trust is a different kind of investment from a bank or building society account. Whilst the capital in such an account is secure, a unit trust is a stock market-based investment, it's value will fluctuate and the capital is not guaranteed
Why the changes?
In the March 2007 Budget, the Chancellor announced changes to the rules governing ISAs and PEPs. These changes came into effect at the beginning of the 2008/2009 tax year, ie on 6th April 2008.
Find out more by browsing the changes at a glance or checking if you are affected.
