Isas- How Many Can I Have?
There’s much confusion about ISAs and how they work. If you are unsure about the mechanics of your ISA, you may find the explanation below helpful.
ISA accounts are a government-approved way of you to save money without paying tax on those savings. There are various ways of doing it, you can save money in a savings account or you can invest in certain stock market properties.
The amount of money you can save is limited for the financial year, which ends on March 31st (in fact the ISA deadline this year is a little later –April 5th). Whilst those over the age of 50 can save a total of £10,200 a year, everyone else has a lower limit of £7,200. From April 5th 2010 everyone will be able to save £10,200 a year.
Given the tax-free nature of an Retrieved from “http://www.articlesbase.com/taxes-articles/isas-how-many-can-i-have-2014751.html“
Fidelity is one of the world’s largest mutual fund companies. In the UK they provide a range of savings and investment solutions for both individuals and corporations. From ISAs to pensions advice, visit www.fidelity.co.uk for all your saving needs.
Article from articlesbase.com
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