You are here: Home - Investing -

Isa allowance could increase to £11,532

0
Written by:
17/10/2012
The maximum amount savers can put in an Isa is expected to rise to about £11,532 from next April, following rises in the cost of living, according to reports.

September’s Consumer Prices Index (CPI) figure, announced yesterday, was 2.2%, down from 2.5% in the previous month.

This means Isa allowances could rise from £11,280 to £11,532 next April, according to the Daily Mail.

The annual Isa allowance is increased on an annual basis by reference to the CPI.

Inflation is also a factor in deciding state pension payouts. The basic state pension increases in line with rises in average UK earnings, the CPI or 2.5%, depending on which is highest.

Because inflation was lower than the 2.5% guarantee, pensioners should expect at least a 2.5% rise in the state pension from next April. An announcement confirming this is expected in December.

Related Posts

Tagged:

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Rain blamed for Scottish house price slump

House prices in Scotland took their steepest monthly fall since the start of 2009, with wet weather being blamed for...

Close