Call to raise Isa investment limit

Figures compiled by the Alliance Trust suggest those investors who are investing up to 7,000 in their maxi Isas are essentially losing out on £6,573 in tax breaks between their launch and 2010, as the government has not raised the maximum investment limit since they were introduced in 1999. Its research centre argues Isa limits would be 19% higher by 2010 than current levels and would reach £8,310 by March 2010, if the limit had been raised in line with official consumer price index inflation. However, as the Treasury has not raised it and is not expected to raise the limit until 2010, th...