Savings & Pensions 2012

 
 
The cash value of ISA limits was confirmed in December 2010.  No further changes have been announced at Budget 2011.
 
 
 
 
 
Individual Savings Account                   2010-11                                    2011-12
Cash  value of ISA limit               £10,200, up to £5,100 of        £10,680, up to £5,340 of
                                            which can be saved in cash     which can be saved in cash 
 
 
 
On 14 October 2010, the Government announced changes to the lifetime allowance and annual allowance for tax-privileged pension saving.  The allowance limites for 2011-12 are set out below.  The Government has also announced that the lifetime allowance will be £1.5 million in 2012-13.  
 
 
 
 
Pensions Savings - tax relief                2010-11                                     2011-12
                                                               allowance limit                        allowance limit
Lifetime allowance                              £1.8 million                          £1.8 million 
Annual allowance                                £255,000                              £50,000 

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