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Budget 2009 - Personal Taxation
Individual Savings Accounts (ISA)
| 2009/2010 | 2008/2009 | |
|---|---|---|
| Annual investment limit | £7,2001 | £7,200 |
| Cash ISA limit | £3,60012 | £3,600 |
- Tax exemption for investments in shares and cash.
- Annual investment limit £7,200 (£7,000 pre 6 April 2008) with £3,600 (£3,000 pre 6 April 2008) maximum in cash.
- No lock-in of capital.
- No minimum subscription.
1 From 6 October 2009 the annual investment limit will increase to £10,200 and
the cash ISA limit to £5,100 for individuals aged 50 or over.
2 Forms part of annual investment limit.
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