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Article: Your really easy guide to the new rules on Isas; WITH MANY BANK AND BUILDING SOCIETY STAFF LEFT BAFFLED BY THE LATEST CHANGES, WE ANSWER THE VITAL QUESTIONS.(Business)
- Article from:
- The Mail on Sunday (London, England)
- Article date:
- October 11, 2009
CopyrightCOPYRIGHT 2009 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: RICHARD DYSON
NEW rules on how much can be put into tax-free Isas caused massive confusion as older savers attempted to use their new allowance from last Tuesday. A growing number of readers contacted Financial Mail to complain that bank and building society staff were baffled by the changes. Here are the answers to some of the more technical questions about Isas and their enhanced benefits.
What changes are being made?
THE annual Isa allowance rises from [pounds sterling]7,200 to [pounds sterling]10,200 from April 6 next year for all savers. But those aged 50 or over before that date were able to benefit from the higher allowances from ...
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Article: For pensioners, [pounds sterling]200 sweetener with ...
The Daily Mail (London, England);
April 23, 2009 ;
700+ words
... ... sterling]10,200 a year from [pounds sterling]7,200. Up to half can go into a cash ISA, up from [pounds sterling]3,600 - the remainder ... will benefit by less than [pounds sterling]1 this tax year. Rates on tax-free cash ...
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