New ISA limits - effective 6 April 2012
Each tax year – which runs from 6th April until 5th April the next year – you have an annual ISA allowance. ISA limits are reviewed annually by the Government.
The annual ISA allowance for the 2012/2013 tax year is £11,280 of which up to £5,640 can be saved in a Cash ISA. The remainder can be saved in a Stocks and Shares ISA. You can invest in one Cash ISA and one Stocks and Shares ISA, each tax year. This can be with the same, or different, providers.
- From 6 April 2012, the ISA subscription limit will be £11,280 for anyone eligible to invest in an ISA in the tax year 2012/13.
- Up to £5,640 of the new ISA allowance can be saved in a Cash ISA with one provider.
- Up to £11,280 can be invested in a Stocks and Shares ISA.
How much money can you put into ISAs?
- The table below shows how many ISAs you can have in each ISA year, and how much money you can put into each ISA:
| ISA Option | Total investment allowed in ISA/Tax Year 2012/2013 |
|---|
| Cash ISA only |
£5,640 maximum in a Cash ISA |
| or |
| Stocks & Shares ISA only |
£11,280 maximum in a Stocks and Shares ISA |
| or |
| Cash ISA and Stocks & Shares |
No more than £5,640 in a Cash ISA and the balance in the Stocks & Shares up to a combined total of £11,280 |
