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Accountants in Medway - Sinden Thackeray Partnership

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ISAs

The ISA investment limits are as follows:
2016/2017 2017/2018
ISA for shares and/or cash £15,240 £20,000
Junior ISA and Child Trust Fund £4,080 £4,080
ISAs will also be permitted to hold peer to peer loans as investments, and possibly other debt securities.

Premium Bonds

Individuals have been limited to the amount they hold in premium bonds to £30,000 per person since 2003. This cap will now be raised as follows:
  • From 1 June 2014: £40,000
  • From 2015/16: £50,000
There will also be two tax free prizes at the maximum level of £1 million awarded each month from August 2014.

See our helpsheet on individual savings accounts to see the rules on investing efficiently with ISA's.

 


Christopher Kember FMAAT is licensed and regulated by AAT under licence number 7213. AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Sinden Thackeray Partnership is supervised by AAT in this respect.