Make the most out of your ISA allowance
24 June 2014
People often leave any thought of Individual Savings Accounts (ISAs) until the very last minute, making their investment near the 5 April end-of-tax-year deadline. Although this deadline provides a useful marker, you can enjoy the tax advantages for longer by investing earlier. The ISA allowance for 2013/14 is £11,520.
It is never too early to start considering the best home for next year’s ISA allowance. The new ISA allowance limit for 2014/15 will be £11,880 (increasing to £15,000 with effect from July 2014 - announced in this month's budget). This can be invested as a single lump sum or a series of smaller amounts via regular monthly savings.
For information about ISAs please contact a member of our team.
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