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ISA LIMITS 2009/2010 TAX YEAR
If are aged 50 or over
on or before 5 April 2010, a new limit of £10,200 of which up to £5,100 can be cash and the remainder in a stocks
and shares ISA will apply during the 2009/2010 tax year. This new ISA limit starts on 6 October 2009. People
under 50 can benefit from the revised limit from 6 April 2010.
For 2009/10 if you are under 50 the maximum
you can invest in a stocks and shares ISA is £7,200. The maximum you can invest in a cash ISA in this tax year
is £3,600. You can choose to invest the entire allowance in a stocks and shares ISA or you could split it
between a cash ISA and a stocks and shares ISA. For example, £3,600 in a cash ISA and £3,600 in a stocks
and shares ISA or £1,000 in a cash ISA and £6,200 in a stocks and shares ISA.
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