Page 70 - Benjamin Franklin\'s The Way to Wealth: A 52 brilliant ideas interpretation - PDFDrive.com

need it, you won’t get your hands on it half as fast as you would with an
online ISA.

Now, if you used to be confused about all that mini/maxi ISA stuff then
you’ll be glad to know that ISAs have been simplified so that from now on
(the 2008/9 tax year) the annual maximum you can put into an ISA rises
from £3,000 to £3,600. You can also hold shares under an equity ISA to
bring your total tax-free ISA value up to £7,200 a year. You don’t pay tax
on the dividend payments if the shares are held in an ISA and again you
don’t have to bother with all that fiddly declaration stuff on your tax return.

HERE’S AN IDEA FOR YOU…
In the UK, different banks offer better ISA deals but they traditionally
haven’t allowed transfers. Close an old ISA to remove the cash and it
loses ISA status so you’re locked in. This may be changing—check out
Icesave, an Icelandic provider which is shaking up the market by
targeting transfers from high street banks.