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Tax planning before 5 April – ISAs

Have you made full use of your maximum contributions into ISAs this year?

Since April 6 2010, you have been able to invest a maximum of £10,200 a year in ISAs. The whole sum can be placed in a stocks-and-shares ISA or up to half can be put in a cash ISA and the rest in a stocks-and-shares ISA.

From April 5 2011 the ISA allowance will be increased to £10,680.

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