Savings rate
Savings income is charged to income tax at 10% provided that non-savings income does not exceed the savings rate limit (£2,710 for 2012/13; £2,560 for 2011/12; £2,440 for 2010/11 and 2009/10).
Individual savings account
|
Component |
|
|
Maximum Annual Investment |
|
|
2012/13 |
2011/12 |
2010/11 |
2009/10 |
2009/10 --From 6/10/2009 for people born before 6/4/1960 |
|
Cash |
£5,640 |
£5,340 |
£5,100 |
£3,600 |
£5,100 |
|
Stocks and shares |
£11,280 |
£10,680 |
£10,200 |
£7,200 |
£10,200 |
|
Junior ISA |
£3,600 |
£3,6001 |
N/A |
N/A |
N/A |
Junior ISAs are available from 1 November 2011.