Mansfield Building Society product manager Pete Doherty says that even in this low interest rate environment, savers should still make full use of the increased annual ISA subscription limit of £10,200 in the 2010/11 tax year.
Pete Doherty says "The increased subscription limit is terrific news for savers because all income from ISA’s is completely free from income tax and capital gains tax.
"Up to £5,100 of the increased allowance can be saved in a cash ISA with one provider. The remainder of the £10,200 can be invested in a stocks and shares ISA with either the same or a different provider, or, if preferred, the full £10,200 can be invested in a stocks and shares ISA with one provider".
"The Mansfield has a choice of both a Variable Rate Cash ISA and a Fixed Rate Cash ISA and further information and terms and conditions are available in our products section".
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