WITH regard to the recent budget and in particular savers who have an Isa, an article by the city editor in the Daily Mail on Thursday, March 20, 2014, stated “The jump in the annual limit of how much can be held in an Isa from £11,520 to £15,000 is an increase beyond most savers’ wildest dreams.”
Well really! With very low interest rates why on earth would anyone be tempted by this apparent carrot?
It is a nonsense for even if the increase were as much as £30,000, with current insulting interest rates, who will be interested? I have an Isa finalising this year at an interest rate of 4% only to be offered another at about 1% - go figure as they say – savers’ wildest dreams, more like nightmare if you ask me.