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ISA allowance - 2013/14?
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# 1
veryintrigued
Old 20-11-2012, 7:51 PM
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Default ISA allowance - 2013/14?

Has it been released yet please?

Seems to be calculated by Sep CPI in previous years?

Last year seems to have been publicised on 18 October 2011.

Other forums seem to think circa 5750 for mini cash.

Have I missed something (again!)?

Last edited by veryintrigued; 20-11-2012 at 7:55 PM.
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# 2
noh
Old 20-11-2012, 7:59 PM
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Have a look at this thread.
http://forums.moneysavingexpert.com/...4191381&page=2
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# 3
coastline
Old 20-11-2012, 8:00 PM
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http://www.icl-ifa.co.uk/2012/10/2013-14-isa-allowance/
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# 4
bigfreddiel
Old 20-11-2012, 8:01 PM
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does it really matter, it will only be a matter of a few hundred pounds, if that and you can't open an account till April 2013 - do something about this years if you havn't done so already

fj
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# 5
veryintrigued
Old 20-11-2012, 8:04 PM
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Quote:
Originally Posted by bigfreddiel View Post
does it really matter, it will only be a matter of a few hundred pounds, if that and you can't open an account till April 2013 - do something about this years if you havn't done so already

fj
How very rude.

Thought this was a forum for sharing information not for displaying lack of manners?

Thanks to those who have been more constructive.

PS This years is full - hence why I wanted to gauge how much I could fill next years.

Boo hoo
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# 6
veryintrigued
Old 20-11-2012, 8:05 PM
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Quote:
Originally Posted by coastline View Post
This ones a great link - thanks for that
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# 7
gh007
Old 03-12-2012, 7:09 AM
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Default isa allowance 2013/14

Yes it does matter. I like to plan well in advance. Does anyone yet know what the allowance will be, please?
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# 8
withabix
Old 03-12-2012, 7:13 AM
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Quote:
Originally Posted by gh007 View Post
Yes it does matter. I like to plan well in advance. Does anyone yet know what the allowance will be, please?
We will all find out on Wednesday, when the Chancellor gives his Autumn Statement.

Given the September CPI, it should be 11580 total, 5790 cash, but the Chancellor might announce something else, round it up etc...

Wait until Wednesday!
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Last edited by withabix; 03-12-2012 at 7:16 AM.
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# 9
lisyloo
Old 03-12-2012, 10:51 AM
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Quote:
Does anyone yet know what the allowance will be, please?
No, no-one knows yet (except a few people like George Osborne who aren't likely to spill the beans).
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# 10
MoneySaverLog
Old 03-12-2012, 11:17 AM
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Quote:
Originally Posted by lisyloo View Post


No, no-one knows yet (except a few people like George Osborne who aren't likely to spill the beans).
Already discussed earlier this year

http://forums.moneysavingexpert.com/....php?t=4266941

It's based on September CPI figure which is known already.
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# 11
lisyloo
Old 03-12-2012, 11:34 AM
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If you read it you will note there are some assumptions which are clearly stated.
So until Wednesday it is correct to say no-one KNOWS.
We can of course take an educated guess but no-one actually knows until Weds.
I wasn't trying to picky, I was trying to be helpful in stating the factual sitaution.

George Osborne could decide to have no ISa or radically change the system, I think that's unlikely and most likely the status quo will continue, but he fact is no-one knows and I believe the requests were for factual information although the educated guesses may of course be interesting to some.
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# 12
lisyloo
Old 05-12-2012, 1:08 PM
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11520 according to the BBC.
Now we do KNOW :-)
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# 13
veryintrigued
Old 05-12-2012, 1:08 PM
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11,520 in total it is!!

5760 for cash!!
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# 14
veryintrigued
Old 05-12-2012, 1:09 PM
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Quote:
Originally Posted by lisyloo View Post
11520 according to the BBC.
Now we do KNOW :-)
Clearly quicker at typing than me!!
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# 15
Academic
Old 05-12-2012, 1:59 PM
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Quote:
Originally Posted by coastline View Post
Quote:
Originally Posted by veryintrigued View Post
This ones a great link - thanks for that
Bit worrying that an IFA can't do simple maths and calculate the uplift based on 2.2% CPI correctly.............

Maybe they should change their name to 'Ill-Informed Choice'
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# 16
jimjames
Old 06-12-2012, 9:59 PM
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Quote:
Originally Posted by Academic View Post
Bit worrying that an IFA can't do simple maths and calculate the uplift based on 2.2% CPI correctly.............

Maybe they should change their name to 'Ill-Informed Choice'
Except that link dated Oct 2012 is purely an predicted amount and clearly states

We will need to wait for confirmation of these figures in the Autumn Statement which the Chancellor will deliver on 5th December 2012.

So I'm not sure how you can infer anything on their maths based on their blog post 2 months before the actual numbers when it also explains their logic.
Remember the saying: if it looks too good to be true it almost certainly is.
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# 17
Academic
Old 06-12-2012, 11:09 PM
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Quote:
Originally Posted by jimjames View Post
Except that link dated Oct 2012 is purely an predicted amount and clearly states

We will need to wait for confirmation of these figures in the Autumn Statement which the Chancellor will deliver on 5th December 2012.

So I'm not sure how you can infer anything on their maths based on their blog post 2 months before the actual numbers when it also explains their logic.
It is quite easy to infer something about their maths as the calculation for ISA uplift is reasonably straight forward:

Take the announced CPI figure (2.2%), apply this increase to the 2012/13 ISA allowance (11,280), this gives an increase of 248.16. This figure is then 'rounded' up or down to the nearest multiple of 120, so 240 (2x 120), and add this to the 'old' ISA amount (11,280 + 240) giving a 2013/14 ISA allowance of 11,520.

At the risk of blowing my own trumpet I'd refer you to the following post I made on 16th October, the same date as the numerically challenged IFA, and also 2 months before the 'actual number'.
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