If you’re 50 or over this tax year, you can take advantage of a great new investment opportunity that’s not immediately available to anyone younger.
You can now invest up to an extra £3,000 in your stocks and shares ISA
Earlier this year, The Chancellor announced that the ISA limit would be raised from £7,200 (£3,600 for cash ISAs) to £10,200 (£5,100 for cash ISAs). This applies to anyone born on or before 5 April 1960. These limits changed from 6 October 2009, and for everyone else from 6 April 2010. Which means you can invest an extra £3,000 in a tax-efficient stocks and shares ISA before anyone under 50 gets the chance. The value of the tax advantages will depend on your individual circumstances and can change over time.
For advice on ISA call us on 01603 861621 or visit our website norfolkfs.co.uk