We are writing to remind you that from 6^th October 2009, those aged 50 and over can invest a maximum of £10,200 in an Individual Savings Account (ISA). Of this total, up to £5,100 can be invested in a Cash ISA and the remaining balance into a Stocks and Shares ISA. Alternatively, you could invest the full £10,200 into a Stocks and Shares ISA. The new limits will also apply to those who turn 50 on or before 5 April 2010. For everyone else the new limits will apply from 6 April 2010.

 

There are two types of ISA, a Cash ISA and a Stocks and Shares ISA. You can use your ISA to save cash or invest in Stocks and Shares, an ISA may be a good way of maximising tax efficiencies.

We are also including with this letter a Bulletin regarding Will Planning from our Private Client Department. It may be prudent for you to check that you have an up to date Will in place and whether you should also consider appointing a Power of Attorney to administer your affairs in the event of any future incapacity. Our Private Client Department will be only too pleased to assist you.

 

Please return the Client Questionnaire enclosed should you wish to review your investments or require any advice on Retirement Planning, Equity Release or any other financial matter. A pre-paid envelope is provided and we will be only too pleased to assist you.