The current maximum investment in an ISA for a tax year is £11,280, of which not more than £5,640 can be in cash. With effect from 2013/14, the maximum investment will increase to £11,520 (with the cash element not exceeding £5,760).
The Junior ISA and Child Trust Fund maximum subscription will increase from £3,600 to £3,720 from 6 April 2013.
The Government will consult on expanding the list of Qualifying Investments for stocks and shares ISAs to include shares traded on small and medium enterprises (SMEs) equity markets such as the Alternative Investment Market (AIM) and comparable markets.
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