New ISA Limits for 2011-12 Tax Year

The annual ISA subscription limit for the 2011-12 tax year has been increased. From the 6th April 2011, an investor will now have an annual allowance of £10,680 which can be subscribed to a Stocks & Shares ISA.

That means a married couple will now be able invest £21,360 in the ISA tax free wrapper for the 2011/12 tax year.

The annual allowance has been increased from £10,200 in line with inflation (measured via the Retail Prices Index) so that the amount you are permitted to save each year is not diminished by the effects of inflation. In addition, it is intended that the annual allowance will be increased in line with inflation every year from now on.

Duncan R Glassey
Senior Partner – Wealthflow LLP

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