We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
2014 / 15 ISA allowance
Comments
-
Well it's the Daily Mail, so you wouldn't expect facts to get in the way of a good story.Don't know where the second article gets its figures from. They say £540 in the headline and have a £240 increase in the figure in the box in the article. However it won't go up by either of those. The formula gives £360.0 -
A similar limit of £50,000 was proposed back in 1998.
In fact it got quite close to coming into force before it was eventually withdrawn due to public opinion
http://www.thefreelibrary.com/Taxing+times+ahead+for+PEP+holders%3B+Limit+of+pounds+50,000+set+for...-a060850526
This was the Adam Smith Institute criticism of the proposal at the time
http://www.adamsmith.org/sites/default/files/images/uploads/publications/no-limit.pdfI came, I saw, I melted0 -
This was the Adam Smith Institute criticism of the proposal at the time
http://www.adamsmith.org/sites/default/files/images/uploads/publications/no-limit.pdf
Whatever did happen to the ISA holders' prize draw, where 50 ISA holders win £1000 each month? Wuz we robbed? :rotfl:0 -
0
-
tell_it_how_it_is wrote: »No, winter usually officially starts on December 21st.
If I may say so, that's an American rule of surpassing folly. The Met Office uses the convention that winter is Dec-Jan-Feb, which is a decent approximation for us: and it's merely a convention, not "officially".
By the by, the Statement seems to have been moved from the 4th to the 5th.Free the dunston one next time too.0 -
If I may say so, that's an American rule of surpassing folly. The Met Office uses the convention that winter is Dec-Jan-Feb, which is a decent approximation for us: and it's merely a convention, not "officially".
By the by, the Statement seems to have been moved from the 4th to the 5th.
Officially, typically, whatever, but that's the astronomical calendar, as opposed to the meteorological calendar. Guess it's simply what you're used to.
“In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing at all.” - Roosevelt0 -
It wasn't mentioned in the speech itself but the new ISA allowance is confirmed at the bottom of page 87 in the Autumn statement document which can be found here:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/263575/Autumn_Statement_2013.pdf
Announcement of new ISA annual subscription limits – The government will uprate the ISA, Junior ISA and Child Trust Fund annual subscription limits in line with CPI. The 2014-15 ISA limit will be increased to £11,880 (half of which can be saved in a cash ISA). The Junior ISA and Child Trust Fund limits will both be increased to £3,840.0 -
"Savers can put a little more money into cash Isas from next April, Chancellor George Osborne said today...."Read the full story:
Autumn Statement 2013: Cash Isa limit creeps up to £5,940
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.0 -
Doshwaster's link estimates it to be 2% of savers. Did you even read it?
There's no need to be obnoxious.
That's a guess pulled out of thin air by the Telegraph, and anyway, it's of limited importance how many have that much *now*.
What matters is how many might realistically expect to accumulate that prior to retirement. You'd currently only have to save the maximum amount for eight-and-a-bit years and you'd hit the rumoured limit.
Still, I don't think such a limit was announced today, was it?0 -
Well it looks like you've lost (which you'll be pleased about)! With CPI for September announced at 2.7%, the 2014/15 ISA allowance should rise by £360 as 2.7% of the current ISA limit is £311 but it's rounded to the nearest £120 so this year will be rounded up (last year it was rounded down). 11520x1.027 rounded to the nearest £120 is £11880 meaning the cash ISA limit should be just short of £6000 at £5940.
Top marks Ed.
Same place next year?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards