I have been investing in a mini cash Isa since 1999, and I have built a pretty good balance (around 30k)...it gives me very good returns (more than 5% tax free) and I am worried that from next year I won't be able to take advantage of this great way of saving and making my money work for me...
Why are they talking about abolishing the Isa?
Are they going to introduce something else just as good?
Thanks for your opinions and informations...
2007-05-09 03:54:39 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
they are not abolishing the ISA next year. When ISAs were originally created the government said that the would be available until at least 2006/07, they have announced that ISAs will continue tobe available until at least 2011. Next tax year 2008/09 the mini cash ISA limit will increase to £3600 meaning that you will be able toput even more into your existing ISA, the allowance for a mini stocks and shares will increase to £7200.
2007-05-09 04:11:03 · answer #1 · answered by vera-ann 2 · 0⤊ 0⤋
From 6 Apr 2008, 'maxi' and mini' terms are discontinued.
You can subscribe to BOTH a "Stocks & Shares ISA" AND a "Cash ISA".
You total contributions are limited to £7,200, of which a maximium of £3,600 may be in the Cash ISA ...
2007-05-09 04:29:53 · answer #2 · answered by Steve B 7 · 1⤊ 0⤋
while you're taking money out of an ISA a/c you may not placed it returned returned. in case you opt to alter a/c managers you're able to ask your modern ISA supervisor to do the flow promptly with the subsequent supervisor. on the data you supply, you 2d ISA a/c is against the regulation and you greater effective tell Nat West. they are going to make the a/c non- ISA and can fee you a sprint for their worry. in case you flow away it for the tax government to be certain, God assist you
2016-12-11 04:37:47 · answer #3 · answered by bocklund 4 · 0⤊ 0⤋