Advanced





Over 50s 'must be aware of ISA limit changes'



Lloyds Banking Group has called for over 50s to take notice of the forthcoming ISA limit changes in order to maximise their earnings.

A majority of older people could be set to miss out on the benefits of incoming individual savings account limit increases for over 50s due to a lack of awareness.

New research from Lloyds Banking Group has revealed that 40 per cent of over 50s are currently unaware that any changes have been announced, while a further 15 per cent do not know that the new limit will be set at 10,200.

The bank has therefore called on older people to ensure they are conscious of and ready to take advantage of the new limit increase when it comes into effect on October 6th.

Colin Walsh, managing director of savings and investment at Lloyds, reminded savers that doing so will allow them to maximise their financial earnings, which is particularly crucial for those reliant on returns to boost their income.

He said: "This historic low rate environment has meant a challenging time for savers so maximising your full tax free allowance has never been more important."

This follows advice from building society Principality, which earlier this week called the limit increase "a great incentive to save more".



To view businesses and services in our Finance section click here




Homebase
Homebase is the UKs second largest home improvement retailer and is recognised for choice, style ...
Silver Travel Advisor
Have your say and you could win a Greek Island villa holiday. If you like holidays and ...
Sky
For some of the most talked-about TV, get Sky TV. In all, we've 100+ digital entertainment ...
Make a Will Online
Make a Solicitor checked Will Online with Gloss Legal
Travel News
All-inclusive holidays 'offer value for money'
Finance News
Recession 'causing problems for over 50s abroad'
Dating News
Online dating 'can give over 50s another chance at love'

We Luv Sweets
New Zealand Holidays
Kirra Tours 100 Percent Kiwi New Zealand Holidays by New Zealanders. Although larger than the UK, New Zealand has a ...
ProstaMax
The only prostate supplement with 100% pure Beta-Sitosterol