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2013/14 Allowance
planemad
Posts: 569 Forumite
Hi All
I'm trying to find what the 13/14 ISA allowance is:
Does anyone know what it is yet or is it yet to be released.
Thanks
I'm trying to find what the 13/14 ISA allowance is:
Does anyone know what it is yet or is it yet to be released.
Thanks
0
Comments
-
The CPI rate was announced at 2.2%
ISA uplift should be £248.16 (based on 2.2% increase on £11,280) BUT this is rounded up/down to the nearest multiple of 120, so the actual increase should be £240.
This means that the ISA allowance for tax year 2013/14 will be £11,520 of which £5,760 can be placed in a cash ISA.
The above assumes that Gideon Osborne doesn't change anything in upcoming budgets.0
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