ISA Deadline
The ISA deadline for the 2008/2009 tax year isn't until April 5 2009, so you have plenty of time to start saving and take full advantage of your yearly tax free savings allowance.
Each adult in the UK has a tax free allowance of £7,200. There are two types of ISA:
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Cash ISAs
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Stocks and Shares ISAs
The entire £7,200 may be invested into a Stocks and Shares ISA, or you can split the allowance, putting up to £3,600 into a Cash ISA and the remainder in a Stocks and Shares ISA.
This is different from the last financial year; Mini and Maxi ISAs have been scrapped, and replaced by Stocks and Shares ISAs and Cash ISAs. The allowance has been raised to £7,200, with the cash allowance going up to £3,600. To find out more about the changes and how they affect you, read our free Guide to ISA Changes.
Other ISA Resources:
FREE ISA Brochures
FREE Brochure on Managing Your ISA Funds
Alternatively click on ISA advertising links below:
Investment News Headlines
Please bear in mind that:
Investment ISAs are designed as medium to long term investments, for example at least five years.
The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment to increase or decrease.
If you unsure what Investment ISA plan is right for you speak to an independent investment adviser.