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Budget 2009: Cash Isa Limit Increased
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Former_MSE_Guy
Posts: 1,650 Forumite
This thread is to disuss the following news story:
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Comments
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Should this be on the ISA sub-board? Probably worth merging with the thread already discussing this news.Cider Country Solar PV generator: 3.7kWp Enfinity system on unshaded SE (-36deg azimuth) & 45deg roof0
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Who was the troll who had the signature 'Darling does nothing for savers' etc.0
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laffer what exactly has he done?
If you are over 50, and have some money, you can stuff more money into the bank's coffers in the form of an ISA allowance.
And for everyone else - oh stuff you - wait till April 2010.
Labour - why dont theiy just announce an election and disappear for the next 30-40 years.0 -
This is really good news shame we have to wait till next year though,but time for everyone to close a couple of credit cards and clear some debts ready to save hard next year.0
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This is really good news shame we have to wait till next year though,but time for everyone to close a couple of credit cards and clear some debts ready to save hard next year.
Not really great news. Isn't it just the government catching up with inflation after not increasing the limits appropriately in past budgets?0 -
If you are over 50, and have some money, you can stuff more money into the bank's coffers in the form of an ISA allowance..
This is a response to the repeated whingeing in the press and on the internet about the plight of retired people who are living off the interest (or lack of) on their savings.Nobody has been that bothered about younger people, who have mostly already benefited dramatically from the reduction in mortgage rates.Trying to keep it simple...
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Yes but not all of us are over 50 or have mortgages or a job (so do not appear on their nonsense jobless figures)...so this increase in isa allowance is nothing - absolutely nothing ...meaningless.0
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Thanks for almost nothing!
At least this year for the over 50s cash ISA:
(5100 -3600)*6/12*20%*3.5%= a measly £5.25.
and of course will be swallowed up by petrol and alcohol increase.5f....0 -
In the short term the increased allowance makes relatively little difference because of the low interest rates. But cumulatively it is a significant change, and the value will be even greater to those who might be affected by 50% tax and lower tax rebates on pensions. Whether we can trust politicians to keep their taxing hands off ISA savings as they keep growing is another matter.0
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5fEtsd9Hs1LOR3SQftY9 wrote: »Thanks for almost nothing!
At least this year for the over 50s cash ISA:
(5100 -3600)*6/12*20%*3.5%= a measly £5.25.
and of course will be swallowed up by petrol and alcohol increase.
Isn't it interest of £52.50 for this year?0
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