26/09/2009 by bill.

The annual tax free ISA limit goes up to £10,200 from 6th April 2010 but comes into effect from 6th October 2009 for anyone over 50 or whose 5oth birthday is before 5th April 2009. The Cash ISA limit goes up to £5,100.

Most banks and buliding societies will allow you to top up your cash ISA although you may not be able to top up a fixed rate ISA bond. Check with your ISA provider for options.

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21/08/2009 by bill.

National Savings and Investments has almost doubled the rate of interest paid on Direct ISA accounts from 1.3% to 2.5% aer.

Although not the top rate available in the market place the increase will appeal to those savers who like the security offered by National Savings investments.

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22/06/2009 by bill.

Climate change caused by carbon emissions and other green house gases is one of the biggest issues facing the world today. Investors may feel that companies offering low carbon and green technology and solutions could perform well over coming years.

The Virgin Climate Change ISA is an environmental ISA with a difference, investing in all industry sectors, in businesses which combine the potential for outstanding profit growth with a lighter environmental footprint.

We believe environmentally aware companies may perform better. Customers prefer them, and they are not saddled with green taxes and penalties which will be increasingly levied on the heavier polluters.

The Virgin Climate Change Fund is an actively managed fund and carries more risk than, for example, a Tracker Fund. Please remember stock market investments can go down as well as up and you may not get back all you invest. To maximise your chance of a good return you should be looking to invest for at least 5 years.

Click here for details and to apply

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08/06/2009 by bill.

The interest rate on several of the best Cash ISA accounts have been cut over the past two or three weeks as the banks meet their targets for deposits. The best variable rates available on 8th June, 2009 were from Ruffler Banks offering 3.10% aer and M and S offering 3.02%. Anyone looking to invest in a Cash ISA may well be advised to do so quickly before rates fall further.

It is still possible to find higher rates for fixed term ISAs but these are only suitable for savers who will not require access to funds during the fixed rate period. Inevitably the best rates of require fixed periods of 4 years or more and of course interest rates may go up during that period so you could lose out in later years. But as at 8th June, Halifax is offering 3.50% on its two year fixed rate ISA saver account or 4.00% fixed for 4 years.

As always, do your research and shop around to find

Click here for more information about finding the right Individual Savings Account for you.

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22/04/2009 by bill.

In today’s budget, the Chancellor announced that the tax free amount anyone can invest in an Individual Savings Account each year will increase to £10,200 with the maximum in a cash ISA going up to £5,100.

The new limits will apply from April 2010 but will be available to the over 50s from September 2009.

Click here for more about investing in ISAs

Posted in Individual savings accounts, The budget, ISAs, Savings | Print | No Comments »

07/04/2009 by bill.

With the start of a new tax year many of us will be thinking about how best to use our tax free ISA allowance.

An ISA is a really straight forward and tax-friendly way to invest in the stock market. We all recognise that markets, in general, are down, but some analysts suggest that this could be an opportunity to invest and take advantage of the current low share prices.

The Virgin Climate Change ISA invests in specially selected businesses (predominantly in the UK and Europe) who aim to drive outstanding profit growth and have a lighter environmental footprint.

Customers can:

Invest up to £7,200 a year or make regular monthly payments of £50 or more
Invest by transferring existing ISAs (or old PEPs)
Take their money out whenever they need to - there are no notice periods

Click here for more information about investing in Individual Savings Accounts

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13/03/2009 by bill.

The Virgin Climate Change ISA - The ISA that saves more than just tax.

Click here for details

For more about investing in an ISA see moneyjungle.net

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