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  • FIRST POST
    • veryintrigued
    • By veryintrigued 20th Nov 12, 7:51 PM
    • 1,477Posts
    • 720Thanks
    veryintrigued
    ISA allowance - 2013/14?
    • #1
    • 20th Nov 12, 7:51 PM
    ISA allowance - 2013/14? 20th Nov 12 at 7:51 PM
    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.
Page 1
    • noh
    • By noh 20th Nov 12, 7:59 PM
    • 5,025 Posts
    • 3,341 Thanks
    noh
    • #2
    • 20th Nov 12, 7:59 PM
    • #2
    • 20th Nov 12, 7:59 PM
    Have a look at this thread.
    http://forums.moneysavingexpert.com/showthread.php?t=4191381&page=2
    • coastline
    • By coastline 20th Nov 12, 8:00 PM
    • 844 Posts
    • 977 Thanks
    coastline
    • #3
    • 20th Nov 12, 8:00 PM
    • #3
    • 20th Nov 12, 8:00 PM
    http://www.icl-ifa.co.uk/2012/10/2013-14-isa-allowance/
    • bigfreddiel
    • By bigfreddiel 20th Nov 12, 8:01 PM
    • 3,411 Posts
    • 1,510 Thanks
    bigfreddiel
    • #4
    • 20th Nov 12, 8:01 PM
    • #4
    • 20th Nov 12, 8:01 PM
    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
    • veryintrigued
    • By veryintrigued 20th Nov 12, 8:04 PM
    • 1,477 Posts
    • 720 Thanks
    veryintrigued
    • #5
    • 20th Nov 12, 8:04 PM
    • #5
    • 20th Nov 12, 8:04 PM
    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
    Originally posted by bigfreddiel
    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
    • veryintrigued
    • By veryintrigued 20th Nov 12, 8:05 PM
    • 1,477 Posts
    • 720 Thanks
    veryintrigued
    • #6
    • 20th Nov 12, 8:05 PM
    • #6
    • 20th Nov 12, 8:05 PM
    This ones a great link - thanks for that
  • gh007
    • #7
    • 3rd Dec 12, 7:09 AM
    isa allowance 2013/14
    • #7
    • 3rd Dec 12, 7:09 AM
    Yes it does matter. I like to plan well in advance. Does anyone yet know what the allowance will be, please?
    • withabix
    • By withabix 3rd Dec 12, 7:13 AM
    • 8,960 Posts
    • 7,908 Thanks
    withabix
    • #8
    • 3rd Dec 12, 7:13 AM
    • #8
    • 3rd Dec 12, 7:13 AM
    Yes it does matter. I like to plan well in advance. Does anyone yet know what the allowance will be, please?
    Originally posted by gh007
    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!
    Last edited by withabix; 03-12-2012 at 7:16 AM.
    British Ex-pat in British Columbia!
    • lisyloo
    • By lisyloo 3rd Dec 12, 10:51 AM
    • 20,601 Posts
    • 9,708 Thanks
    lisyloo
    • #9
    • 3rd Dec 12, 10:51 AM
    • #9
    • 3rd Dec 12, 10:51 AM
    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).
  • MoneySaverLog


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

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

    It's based on September CPI figure which is known already.
    • lisyloo
    • By lisyloo 3rd Dec 12, 11:34 AM
    • 20,601 Posts
    • 9,708 Thanks
    lisyloo
    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.
    • lisyloo
    • By lisyloo 5th Dec 12, 1:08 PM
    • 20,601 Posts
    • 9,708 Thanks
    lisyloo
    £11520 according to the BBC.
    Now we do KNOW :-)
    • veryintrigued
    • By veryintrigued 5th Dec 12, 1:08 PM
    • 1,477 Posts
    • 720 Thanks
    veryintrigued
    £11,520 in total it is!!

    £5760 for cash!!
    • veryintrigued
    • By veryintrigued 5th Dec 12, 1:09 PM
    • 1,477 Posts
    • 720 Thanks
    veryintrigued
    £11520 according to the BBC.
    Now we do KNOW :-)
    Originally posted by lisyloo
    Clearly quicker at typing than me!!
  • Academic
    This ones a great link - thanks for that
    Originally posted by veryintrigued
    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'
    • jimjames
    • By jimjames 6th Dec 12, 9:59 PM
    • 10,153 Posts
    • 8,166 Thanks
    jimjames
    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'
    Originally posted by Academic
    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.
  • Academic
    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.
    Originally posted by jimjames
    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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