Tax Rates & Allowances

ISAs

The ISA investment limits for 2015/16 were announced in the 2015 Budget as:

From 6 April 2015
New ISA – for shares and/ or cash £15,240
Junior ISA and Child Trust Fund £4,080

ISAs will also be permitted to hold peer to peer loans as investments, and possibly other debt securities.

 

 

Premium Bonds

Individuals have been limited to the amount they hold in premium bonds to £30,000 per person since 2003. This cap will now be raised as follows:

There will also be two tax free prizes at the maximum level of £1 million awarded each month from August 2014.

See our helpsheet on individual savings accounts to see the rules on investing efficiently with ISA's.