Reprieve for Isa investors

The Government will extend the existing Isa limits until 2009, subject to consultation. It was ori...

The Government will extend the existing Isa limits until 2009, subject to consultation. It was originally expected that the annual allowance of £7,000, including a £3,000 cash maximum, would fall to a £5,000 and £1,000 respectively in 2006, but Chancellor Gordon Brown announced the U-turn in last week's Pre-Budget report. Richard Wastcoat, managing director of Fidelity Investments, said: "This is a shot in the arm for the nation's savers and an important reminder from the Government that it has a role to play in encouraging people to provide for their future. Isas have worked well and ca...