Increases in ISA limits are now determined by increases in Retail Price Index for the September prior to the tax year end. So the increase due April 2011 will be based on the RPI for September 2010.
This is now determined as 4.6%.
The new ISA limits from April 2011 for 2011/12 will be:
. the overall ISA limit increased to £10,680 (2010/11 £10,200)
. the amount that can be invested in a cash ISA is increased to £5,340 (2010/11 £5,100)
We are still waiting for details of the new Junior ISA to be published and will include details in a future newsletter.
