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Cash ISA limits

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The best buy section seems to be saying the cash allowance for anyone over the age of 16 is £5,200, but I don't think this is correct - according to the BBC budget details, the new higher allowance only applies to those over the age of 50.

Comments

  • GSXRCarlos
    GSXRCarlos Posts: 830 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    it's correct as of this new financial year

    the over 50 age limit was part way through last financial year

    if you're in doubt, check you statements to see how much allowance you have left, mine says £5100
  • DarkConvict
    DarkConvict Posts: 6,346 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yes, the limit went to £5100 for over 50's in September/October 2009. But as from 5th April 2010, it is £5100 for everyone.
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
  • GSXRCarlos
    GSXRCarlos Posts: 830 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    hey

    I want my thanks!!!
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