The ISA Limit website introduces the current ISA allowance limits for 2011/2012 along with historical rates and ISA information for consumers.
This month saw the release of the ISA Limit website which is aimed at providing information and statistics for UK savers that are considering taking out an Individual Savings Account (ISA). There are defined limits which must be adhered to in order to qualify for ISA status. These will often change on a per tax year basis. The isalimit.co.uk site details the maximum amount that can be invested in each tax year.
ISALimit.co.uk details the different types of ISA products that can be taken out which fall into two main categories. Cash ISAs and stocks and shares ISAs. The site goes on to explain the differences between the two types of products and how it is possible to either take out a cash ISA or stocks and shares ISA in isolation or alternatively combine both cash and stocks and shares in the one ISA. Depending on the type of investment in the ISA and the combination there will be different monetary maximums that can be added in any one tax year.
For a primer on the different investment levels that are permitted by law in a cash or stocks and shares ISA, www.isalimit.co.uk provides the information a potential investor would need to know in terms of what the maximum investment they would be able to make per tax year.
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