Individual Savings Accounts The current Individual Savings Account limits of £7,000 overall with £3,000 of that limit allowed to be in cash has been extended until April 2010. This means that you can invest £7,000 in each of the tax years 2005/2006, 2006/2007, 2007/2008, 2008/2009 and 2009/2010. From 6 April 2006 the investment rules for ISA's will be extended, meaning they will be able to invest in any collective investment that is authorised for marketing in the UK by the Financial Services Authority. If the funds invested in are cash based investments, the maximum cash allowance of £3,000 will apply.
This means that those investing in both Mini Cash ISA's and Mini Stocks and Shares ISA's will need to be careful about how much they have invested in cash based investments. Extending the investment scope means that ISA's will now be able to invest in property based funds.