Increased ISA allowances

New allowances for Individual Savings Accounts (ISAs) – which offer tax-free returns on investments – have now come into force. For the 2012/13 tax year, the total amount that can be invested into an ISA has increased to £11,280 (previously £10,680), of which a maximum £5,640 can be invested in cash. The remaining £5,640 can[…]