Important information about the new ISA subscription limits

9 April 2010

In April 2009, the Government announced changes in the tax-free allowance for Individual Savings Accounts (ISAs). As of 6 April 2010, the ISA subscription increased to £10,200.

What do these changes mean?

Up to £10,200 can be saved in a stocks and shares ISA.

Alternatively, up to £5,100 of the new ISA allowance can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or another provider.

If you do not want to use your full cash ISA allowance, you can still maxmise your allowance with a stocks and shares ISA. (For example, if you choose to put £2,000 into a cash ISA you can put up to £8,200 into the stocks and shares ISA).

When does the tax year run from?

The tax year started on 6 April 2010 and will end on 5 April 2011.

Where can I find out more?

Please speak to your local Forester Life Adviser, contact our Customer Services Team on 08457 990011 or e-mail: customer.services@foresters.co.uk