New ISA Subscription Limits

Changes to ISA subscription limits

The annual ISA subscription limit changed for all eligible individuals on 6 April 2010. Please read the following questions and answers to help you understand the changes.

How have the ISA subscription limits changed?

The Government has increased the amount that individuals are allowed to save or invest in an ISA each year:

• The overall subscription limit has increased from £7,200 to £10,200
• The cash ISA subscription limit has increased from £3,600 to £5,100 and;
• You can choose to invest the overall ISA allowance in a Stocks and Shares ISA
• Alternatively, you can invest up to £5,100 in a Cash ISA and your remaining allowance in a Stocks and Shares ISA.

Who is affected by these changes?

The new increased ISA subscription limits apply to all eligible savers.

If I have an existing cash ISA with Teachers Building Society, when can I take advantage of the new limits?

You are able to top up your ISA now. You can add your new 2010/11 allowance to your existing ISA account or open a Cash ISA Bonus Issue 2 with the current tax year's subscription. Click on 'tax free savings' or call us for more information.

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Financial Services Authority
(Register no. 156580)