Possible change of mind on reducing ISA Allowances

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  • steady__eddie
    steady__eddie Posts: 1,455 Forumite
    First Anniversary Combo Breaker Uniform Washer
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    Has anybody heard any more news re proposed changes ?
    I've just had a "comic" from Barclays Stockbrokers which says that w.e.f. 06/04/05 the insurance component will cease to exist and the shares mini ISA will increase to £4000. The gov't has said that it will extend max'm investment of £7000 until 2009 subject to consultation.
    Can I safely assume from this that the cash mini ISA will remain at £3000 ?
    If so I'd better increase my regular saver payments in time for 2006/7.
  • dunstonh
    dunstonh Posts: 116,378 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
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    AFAIA, that consultation hasnt been completed although it is widely expectedd to extend the maximum.

    I wouldnt assume anything until the announcement comes.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • lipidicman
    lipidicman Posts: 2,598 Forumite
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    ah....budget time again......
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