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Introduction to ISA

4. How much can be invested?

4. How much can be invested?

The normal annual maximum is £5,000, of which up to £1,000 can be in cash, up to £1,000 in life insurance and the balance in stocks and shares. As a concession, the maximum is raised to £7,000 until April 2006 with the cash limit being £3,000 and life assurance limit remaining at £1,000.

If you open a Mini plan for cash and/or life assurance you can invest in stocks and shares through a further Mini plan but if you want to invest more than £3,000 in stocks and shares you can only do so in a Maxi plan.

Summary table:

For a maturing TESSA, you may invest the capital proceeds into a “TESSA-only ISA” provided this is done within 6 months. The TESSA only ISA does not affect the amounts you may invest in your MAXI or MINI ISA.

Warpaint London

Gulf Keystone Petroleum

Srt Marine Systems

Supply@me Capital

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