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Isa limit

The new £15000 cash thats allowed in July is good news, but if like me youve used the ISA limit since ISA's started, this will now take it over the £85000 safety limit from banks, is this likely to change? Im interested if anybodys got any views or information.

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    The new £15000 cash thats allowed in July is good news, but if like me youve used the ISA limit since ISA's started, this will now take it over the £85000 safety limit from banks, is this likely to change? Im interested if anybodys got any views or information.

    there has been no indication that the 85k guarantee will change so best assume not
  • Sparky47
    Sparky47 Posts: 314 Forumite
    The new £15000 cash thats allowed in July is good news, but if like me youve used the ISA limit since ISA's started, this will now take it over the £85000 safety limit from banks, is this likely to change? Im interested if anybodys got any views or information.

    You don't have to keep all your previous years ISA's with one bank.
    Spread the money around several different banks to keep below the limit.
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