Which? uses cookies to improve our sites and by continuing you agree to our cookies policy

Isa limits to be linked to inflation

Consumers able to save more in tax-free Isas

Bundle of notes

Endowments are an example of a qualifying policy

The Chancellor announced today in his Budget that savers will be able to put more into their Isas in the future.

From next month, the annual Isa limit will rise from £7,200 to £10,200 and ISA limits will then increase annually in line with inflation.

Since their introduction in 1999, Isas have saved the public over £270bn and they have proved very popular.

With inflation expected to be around 2 per cent for the next year, this means the ISA limit will be about £10,400 from 2011/12. Assuming that inflation stays around this mark, the Isa limit will be approximately £1,000 higher at £11,200 within 5 years.

Which? Best Rate savings accounts and cash Isas

To make sure you’re getting the best return on your savings, check out Which? Best Rate savings accounts and Which? Best Rate cash Isas.

For more information about making the most of your money, read the free, expert Which? guides and .

pound coins

Which? Money when you need it

You can follow @WhichMoney on Twitter to keep up-to-date with our Best Rates and Recommended Provider product and service reviews.

Sign up for the latest money news, best rates and recommended providers in your newsletter every Friday.

Or for money-saving tips, and news of how what’s going on in the world of finance affects you, join Melanie Dowding and James Daley for the Which? Money weekly money podcast

For daily consumer news, subscribe to the Which? news RSS feed here. And to find out how we work for you on money issues, visit our personal finance campaigns pages.

Back to top