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  #1  
Old 08-01-2008, 08:14 AM
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Join Date: Feb 2008
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Default Can you clear up my understanding of the ISA allowance?

Up until April 2008 you could invest £7000 a year in an ISA.
You could either invest up to £7000 in equity (stocks and shares) or up to £3000 in cash and up to £4000 in equity.

Now we have a £7200 total annual isa limit, of which you can invest £3600 in a cash account.

So If I invest in a cash ISA this year, what can I put in my stocks and shares ISA? £3600? Or £7200 less whatever I invest in cash?
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  #2  
Old 08-01-2008, 09:36 AM
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Join Date: Jul 2008
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Default

Well, ive been trying to figure some things out about ISAs myself- one thing i do know already though is, you can invest a total of 7200. this can be 7200 in EITHER a cash ISA or a stocks and shares ISA- or you can put 3600 in both and have a mix. so, i guess the answer to your question is 3600- (even if you only invest 1800 in your cash ISA, the limit for stocks & shares ISA remains 3600) I personally have seen a better return on stocks and shares ISA (the profit or loss can be monitered (online) than my last years interest on my cash ISA....)hope this helps.........
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