The overall personal limit for an Individual Savings Account (ISA) for the current tax year is £11,280 and this will increase to £11,520 for the new tax year commencing on April 6th. It’s important to note that if you are only contributing to a cash ISA then the maximum is exactly half the overall allowance – so £5,640 and £5,760 respectively. The other key point is that if you don’t use your ISA allowances for this tax year then they are lost – they can’t be ‘carried forward’ to the next tax year.
We understand that this can be an extremely worrying time for all, especially when it comes to your money. We know the challenges you are facing and are here to help.
During the COVID-19 pandemic, we are operating as usual, albeit remotely.
We continue to provide financial planning for our existing clients and welcome new clients. If you have a concern and would like some guidance, please get in touch on 0117 214 0870 or team@brunelcp.com
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Brunel Capital Partners is a sister company of Pilgrim Financial Planning