Budget: Isa limit rises to £7,200

In today’s Budget announcement, the Chancellor said the limit from April 2008 would be £7,200. He also announced an increase in the cash limit to £3,600 in a bid to encourage further saving. This will benefit around five million people who are currently making full use of either their cash or overall investment limits. The government also says it will extend the reform to allow transfers from cash into stocks and shares to include all cash held in ISAs, not just that subscribed in previous tax years. However, the rises are not expected to be met with too much euphoria, as experts argue ...