Get a Head Start with Your ISA Subscription Today

As part of the budget announcement in April 2009, the Individual Savings Account (ISA) annual allowance will increase to £10,200 for the 2010/11 tax year. This is excellent news for savers.

However, there’s even better news if you are over 50 or will be before 6 April 2010. The government will allow you to subscribe to the increased limit beginning 6 October 2009, which means your money has more to time to grow.

ISA Subscription Limit Changes
On 6 April 2010, the new annual ISA limit goes into effect. In addition, this increase will allow you to have up to £5,100 in cash. You can hold the remainder in the stocks and shares component of an ISA, up to the maximum of £10,200.

For example, let’s say you subscribe £3,000 in cash to your ISA. You will still have £7,200 to use for stocks and shares in that tax year.

The existing rules around transferring your ISA remain unchanged. This means you could move some or all of your cash ISAs from previous tax years into stocks and
shares ISAs without losing any of the tax relief or benefits.

Is an ISA Right for You?
An ISA continues to offer excellent benefits and accessibility. Your Edward Jones financial adviser can help you to determine how ISAs can help meet your individual needs, depending on your situation. In addition, he or she can provide a portfolio review to make sure your investments are on track to help you achieve your financial goals.