One of the positive parts of the UK 2009 Budget was the increase in the Individual Savings Accounts allowances (isa's).
The limit has increased from £7200 to £10,200. Up to half of the allowance can be invested into cash isa's.
The new limit comes into effect from the 6th October for the over fifty's and for everyone else in the next tax year.
Although UK interest rates are at an all time low it is worth shopping around to see how is offering a good return.
Do not however always go for the best rate available. Always ensure the company you are considering is covered by a UK banking licence and by the Financial Services Compensation Scheme.
If you require any further information please feel free to look at our isa information on our main site alternatively contact us.
