Better Business: ISAs with bite

The ISA has come of age. On October 6, anyone who will be 50 or over by the end of the tax year could invest £10,200 away from the clutches of the taxman. That is £3,000, or 42%, more than was previously allowed and, from April 2010, all investors will enjoy the increased ISA limit. The increase means that a couple can now shelter more than £20,000 in their ISA every single year and so can very quickly build a significant investment portfolio. At a time when most people are bracing themselves for tax rises as the Government attempts to balance the nation's books, this generous and quite ...