New ISA and Pension Allowances
Good news in that next year’s ISA allowance has been raised to £11,520. Naturally we will give you the opportunity to use this at your next review meeting either by investing new monies or via our Bed & ISA service.
The annual Pension allowance will however reduce from £50,000 to £40,000 from 2014/15 . This is still a very generous allowance for most people especially with the option to carry forward for each of the previous three tax years remaining in place.