OAKWORTH NEWS SUMMARY - AUGUST
The Bank of England have decided (in their August meeting) to keep interest rates the same - at 0.5%
Officially, the ISA contribution limits will increase for all savers at the start of the next tax year (6th April, 2010). However, those over 50 are set to benefit early and will see their total ISA allowance increase to £10,200 on 6th October, 2009. The treasury have confirmed that if your birthday falls between 6th October, 2009 and 6th April, 2010 you will be able to take advantage of the increased ISA limits on, or after, the day you turn 50.