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ISAs

The ISA investment limits for 2015/16 were announced in the 2015 Budget as:

ISAs will also be permitted to hold peer to peer loans as investments, and possibly other debt securities.

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Premium Bonds

Individuals have been limited to the amount they hold in premium bonds to £30,000 per person since 2003. This cap will now be raised as follows:

  • From 1 June 2014 : £40,000

  • From 2015/16: £50,000

There will also be two tax free prizes at the maximum level of £1 million awarded each month from August 2014.

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