Making the most of your ISA allowance

Individual Savings Accounts are a popular tax-free saving option for many individuals. Ideal for saving small, regular amounts, ISAs are available from banks, building societies and a variety of other providers. From 6 October 2009, those aged 50 and over can invest up to £10,200; this higher allowance will be extended to all adult savers from 6 April 2010.

Money that has been invested previously in a cash ISA can be transferred to a stocks and shares ISA, should the investor wish to take a more speculative stance. However, a transfer from a stocks and shares ISA to a cash ISA is not permitted.

You have until 5 April 2010 to make your 2009/10 ISA investment.

ISA investment limits	Overall	Cash
2009/10	£7,200	£3,600
From 6.10.09 Adults aged 50 or more	£10,200	£5,100

2010/11 All adults	£10,200	£5,100

For advice on all aspects of financial planning, please contact Rob MacKenzie at Littlejohn Wealth Management rmackenzie@littlejohnllp.com

Littlejohn Wealth Management Limited is authorised and regulated by the Financial Services Authority.

Year End Strategies 2009/10

Disclaimer:
This guide is prepared as a general guide only. No responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication can be accepted by the author or publisher. Always seek professional advice before acting.