Budget 2010: ISA limits to rise in line with inflation

Groups including the IMA have been calling for this move to help encourage savers into the tax efficient savings vehicles. Alistair Darling also confirmed the annual ISA limit will rise from £7,200 to £10,200 from next month. The revised limits will be announced in October each year and rounded up so they are divisible by 12 to continue to facilitate regular monthly contributions, while the current 50/50 split between cash and stocks and shares ISAs will be maintained. "We welcome the increase in the annual ISA limit for everybody from £7,200 to £10,200 for 2010/11 and the continue...