Results 1 to 4 of 4
Like Tree1Likes
  • 1 Post By terry60

Thread: 2013/14 Cash ISA what’s the new Allowance?

  1. #1
    Junior Member
    Join Date
    Feb 2012
    Location
    UK
    Posts
    9

    2013/14 Cash ISA what’s the new Allowance?

    Hi there, thanks to the help on here I’ve now filled my 2012-13 tax free cash ISA allowance with a very nice interest rate, thanks!!!!

    I now want to start saving for the 2013 to 2014 ISA year, can you tell me what the 13/14 Tax free cash ISA limit will be?

    Thanks!

    UPDATE 5th of December 2012: due to this being such a popular post I thought I'd add the info at the top. New ISA Allowance: £11,520 in total you can put all of that into stocks and shares or split it with up to £5,760 in a cash ISA and the rest in stocks and shares.

    -regards Gav.
    Last edited by Gav; 5th December 2012 at 08:00 PM. Reason: Updated 5th of December - with the ISA amounts.


  2. #2
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    May 2010
    Location
    Edinburgh, Scotland, UK
    Posts
    59,647
    Blog Entries
    1
    Glad to hear you got a great interest rate on your 2012-2013 ISA allowance, it's tough to get great returns at the moment, but keep an eye on it to make the most of your savings!

    Sadly at present I don't know the 2013-2014 allowance, I think the new allowance gets released in September, but maybe someone can correct me on that? As soon as I know I'll add it here. If you can save £5,640 that'd be a great starting point.

    regards
    Gav.
    After years of using Quidco I've moved to TopCashBack it's paying better these days!
    The remaining info is still the same:


  3. #3
    Junior Member terry60's Avatar
    Join Date
    Oct 2012
    Posts
    1
    The savings limit is based on the September CPI figure which was announced yesterday as 2.2%
    The limit is last year + CPI rounded to nearest £120 (to enable simple monthly savings calculation)
    From this, there should be an announcement any day now that the 2013-14 cash limit will be raised from £5640 to £5760
    Gav likes this.

  4. #4
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    May 2010
    Location
    Edinburgh, Scotland, UK
    Posts
    59,647
    Blog Entries
    1
    Thanks Terry60, much appreciated.

    To all those looking for the best ISA deals; sorry I've not been doing a lot of updates of late, I've recently had two rounds of surgery and the carpal tunnel is still terrible. I hope to change things to make it easier to find the best ISA rates from the next few weeks.

    I've noticed that a lot of people, even some at the start of this: BBC News - UK inflation rate slows to 2.2% in September think that with the Consumer Prices Index (CPI) inflation dropping from 2.5% to 2.2% things will get cheaper, what it means is on average things have been going up in price by 2.2% compared to earlier in the year when they were rising at 2.5%.


Similar Threads

  1. Replies: 4
    Last Post: 21st September 2012, 02:03 PM
  2. Tax allowance 'to rise in Budget'
    By Gav in forum Finance News
    Replies: 0
    Last Post: 20th March 2012, 09:11 PM
  3. 2012/13 Cash ISA what’s the new Allowance?
    By ISA Allowance in forum Money Saving & Finance Questions?
    Replies: 1
    Last Post: 26th February 2012, 12:51 PM
  4. Forces' London allowance is cut
    By Gav in forum Finance News
    Replies: 0
    Last Post: 25th January 2012, 09:25 AM
  5. ISA rules Changing, 6th of April 2011, new cash isa allowance.
    By Gav in forum ISA (Individual Savings Accounts)
    Replies: 2
    Last Post: 4th April 2011, 08:05 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  



Share on:

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94