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weeowens

money.uk.msn.com

What is the maximum annual ISA allowance this financial year (2013/2014)?
£5,760
£11,520
£17,280

answer: £11,520

here

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compsalex

I keep getting "There was a problem with your details"

Jennifer_Yellow_Hat

Worked fine for me in FF.

Also the answer is £5,760 as that's what you can save per financial year which is what the question asks.£11,520 is the annual allowance.

weeowens

Jennifer_Yellow_Hat wrote: »

Worked fine for me in FF.

Also the answer is £5,760 as that's what you can save per financial year which is what the question asks.£11,520 is the annual allowance.

Hi,I'm confused here:o

The question shows here as :

What is the maximum annual ISA allowance this financial year (2013/2014)?

Isn't the answer in post #1 correct plus the source link states the same?

brownhandbag

Agree with weeowens answer

Your annual ISA allowance in the 2013/14 tax year is £11,520

Jennifer_Yellow_Hat

You can save £5,760 in the 2013/14 tax year.

You can save up to £5,760 of your £11,520 annual ISA allowance

£11,520 is the annual amount.

Trust me you can only save £5.760 in an ISA per tax year! Tax year and annual year are different things.

Jennifer_Yellow_Hat

The question doesn't ask for annual year it asks for financial year!

We need Martin Lewis in here

brownhandbag

Jen it doesn't ask how much can you save?
It just asks what the annual allowance is or are you getting a different question?

weeowens

I'm still confused :-)

eg: http://www.nationwide.co.uk/isas/isas-explained/default.htm

What is the ISA limit?





Each tax year you have an ISA allowance, for tax year 2013/2014 (6 April 2013 until 5 April 2014) your allowance is £11,520. You can save up to £5,760 in a cash ISA with the remainder in a stocks and shares ISA, or, you can invest your full allowance in a stocks and shares ISA.


http://www.moneysavingexpert.com/savings/best-cash-isa

For the current 2013-14 tax year, the annual ISA allowance is £11,520, but only £5,760 of that may be used for a cash ISA.

Jennifer_Yellow_Hat

The financial year runs from April To April. say I put in £5,760 in March this year, I can't put any in again til after the dealine in which case I could put in another £5760 but I won't be able to put in anything more til next April. So I've put in £11520 in one year but only £5760 in the financial year.

Jennifer_Yellow_Hat

Oh OK maybe I do have it wrong then sorry