View more on these topics

Isa Tax Breaks Extended to 2010

Chancellor Gordon Brown extended existing tax breaks on Isas until 2010 in his budget speech today.

Limits are currently set at £3,000 a year for cash-only Isas, and £7,000 for equities. The extension of tax breaks brings the cumulative total that could be saved tax free since 1997 to over £100,000.

Brown said: “The household savings ratio is now 5.6 per cent – four times that of the USA and Canada – and 16 millions now have Isas.”


Recommended

Shooting from the hip

Threadneedle’s schadenfreude in a recent global healthcare outlook report is a touch too much for the Diary. It seems the pros-pect of all our elder relatives’ hip replace-ments is seeing the firm rubbing its hands. The effect of the obesity epidemic on demand for synthetic hips and knees may be good business but the Diary […]

Product Matters

Is it possible to make a positive return,

regardless of market conditions? This seems a tricky proposition, particularly when you are investing in the bond market which has a big question mark hanging over it at the moment.

Less regulation promised

Gordon Browns budget promised a reduction in the burden of business regulation in response to the Hampton Review, published today.The Hampton Review, commissioned in the 2004 budget, called for the reduction of inspections of businesses by a third, over one million less a year. This will be accompanied by tougher penalties for companies who persistently […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment