Isa savers will be able to save tax-free to the tune of £20,000 from April 2017, George Osborne announced in his Budget today. At present, savers can stash away £15,240 in a cash Isa shielded from the taxman, with a new limit refreshing each April. This can be held in a combination of both cash and stocks and shares.
TOP CASH ISA TIPS
All you need to know to get the most from your cash Isa
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Review centre
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Best buy tables
All the UK's best ISA rates, independently compiled into rate tables by our experts -
Transfer Isas
Top five accounts that allow you to transfer cash Isa pots -
Review centre
If a new cash Isa is launched, you'll be the first to know -
Our 5 favourite ISAs
We've scoured the savings tables to find five top ISAs for savers in 2013
SAVINGS ESSENTIALS
Dragged into the savings tax chaos: New rules let you earn £1,000 interest tax-free... but already savers are hit by errors
From April 6, savers will no longer have tax deducted before they are paid interest by a bank or building society, but savers are being hit by blunders before it even kicks in. Alan Renton received a tax letter saying he would receive interest of £1,250 on his savings this year, he had worked it out as just £400.
'I was a sniper. Should I put that on my CV?' As nearly 4,000 veterans are helped into work by Barclays - we visit its After scheme
It may come as a surprise to many that Barclays is offering help to hundreds of veterans every month in the form of workshops and support. This is Money went to its Canary Wharf HQ to find out more. ...read
SAVING & BANKING MUST READ
Have you won big on the premium bonds with a small holding but don't even know? One winner yet to claim a £100k prize has just £6 of bonds
There are 1.2million unclaimed premium bond prizes worth £51million, including two bumper £100,000 amounts, according to National Savings and Investments. Many of the bigger prizes outstanding are from those who have small holdings, the data reveals, so it is likely the winners haven't thought to check them because of their size.
Bank of grandma and granddad: Parents spend £900 per year supporting grown-up children - and half are forced to raid their savings
Parents and grandparents across the UK spend an average of £900 a year on grown-up children and grandchildren, according to new research. The spend adds up to £18billion nationally, with nearly one in five providing full financial support by funding their offspring's lifestyles, according to a survey by the Post Office.
Hate e-mail only contact with firms and self-service checkouts? You're not alone as 70% bemoan effect of automation on daily life
Seven in ten Britons feel that automated services are eroding face-to-face support leaving them harking back to the 'good old days' of personal service, a study suggests. The biggest automated hate is sales calls, with millions plagued by PPI claims firms, injury lawyers and bogus competition wins every day, the research from Charles Stanley shows.
Bank customers targeted in new 'smishing' scam: Warning after one customer lost £23,000 (and Santander won't refund his cash)
Bank customers are being warned to be vigilant after what is believed to be a spate of 'smishing' attacks which drain current accounts of cash. One reader, Edward Smith from Sheffield, lost £22,700 from his 123 current account after fraudsters managed to hijack a genuine Santander text message thread to say there was suspicious activity on his account.
LEE BOYCE: Victory as Royal Mint accepts commemorative coins back from buyers worried they were misled over legal tender (but boss shirks our interview request)
Readers have been left outraged after learning commemorative coins can't be cashed in at face value despite being labelled 'legal tender'. Now, it appears the Royal Mint will accept returns outside of its usual 14-day window. However, chief executive Adam Lawrence shirked our interview request - despite earning £362,000 in 2014/15.
LATEST SAVINGS DEALS REVIEWS
Yorkshire BS launches top rate savings account that gives you access to your money one day a year
The new Single Access Savings account, available in branches or by post from today, pays 1.04 per cent after tax (1.3 per cent before). It is well placed for savers who don't want to tie up their money in a fixed-rate deal for fear of missing out if competition appears among savings providers and rates edge up.
ESSENTIAL GUIDES TO SAVING
How to start saving or investing into an Isa - the essential guide to a tax-friendly pot
Making the most of your annual Isa allowance is the cornerstone of wise saving. There's no income tax to pay on interest and no capital gains tax on profits. This makes them ideal for long-term savings because money that is not taxed grows faster. This essential guide reveals, how to start using an Isa for your savings. ...read
Our savings picks: This is Money's five favourite best buy cash Isas for 2016
Although cash Isas don't currently offer fantastic rates, it is still worthwhile opening one to shield money away from the taxman. Our savings correspondent Lee Boyce picks his five favourite cash Isas for savers in 2016 - essential reading to help you choose a top savings account for your money. This page is kept up-to-date throughout the year - bookmark it for the very latest developments.
SAVINGS ESSENTIALS
BEST BUYS TABLES
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£12.50 share dealing
Featuring low-cost dividend reinvestment
Provider | Rate |
NS&I; | 1.25% | Monmouthshire BS | 1.50% | Virgin Money | 1.41% |
Coventry BS | 1.40% | |
Dudley BS | 1.40% |
DON'T MISS...
- Our savings picks This is Money's five favourite best buy cash Isas for 2015
- SIMON LAMBERT: The Lifetime Isa is a clever idea Especially if you're one of the real Budget winners
- Not quite the death of the cash Isa? Tax-free limit to rise to £20k despite new personal savings allowance
- Prime Minister's 'Help to Save' scheme to reward low income workers who save With £1,200 bonus
- Savings shambles: New rules will soon let you earn £1,000 interest tax-free Yet nobody can explain how this will work
- Should you go for an easy-access or fixed-rate account? As returns continue to drop savers face a tough choice
- Have you won big on the premium bonds with a small holding but don't even know it? One winner yet to claim a £100k prize has just £6 of bonds
- 'I was a sniper. Should I put that on my CV?' As nearly 4,000 veterans are helped into work by Barclays - we visit its After programme
- Bank of grandma and granddad Parents spend £900 per year supporting grown-up children - and half are forced to raid their savings
- RIP cash Isas (1999-2016) The much-loved tax-free accounts killed by George Osborne's savings revolution
- Hate e-mailing firms and using self-service checkouts? You're not alone as 70% bemoan automation of daily life
- The hacker's guide to safety online 'The entire banking system is fundamentally flawed - you're giving access to your cash'
- I tried for four months to take £5k from a Post Office bond because savings compensation changed Now it says I missed the withdrawal deadline!
- LEE BOYCE: Huge losses from fraud continue to plague current account customers Treat all e-mails, phonecalls and texts from banks with caution
Premium Bonds winners
Prize value | Winning bond No. | Area |
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£1,000,000 | 254MZ390454 | Tyne and Wear |
£1,000,000 | 176QW334158 | Leicestershire |
£100,000 | 265JN632736 | Wales |
£100,000 | 250VM945648 | County Durham |
£100,000 | 215XY398675 | Preston |
£100,000 | 189SR408716 | Wales |
£100,000 | 153PC733202 | Suffolk |
£50,000 | 93GY116930 | Wales |
£50,000 | 85XA357243 | Essex |
£50,000 | 78WE426762 | Hertfordshire |
£50,000 | 26AE681300 | Cambridgeshire |
Latest from Saving & banking
- Not quite the death of the cash Isa? Tax-free limit to rise to £20k despite new personal savings allowance
- Dragged into the savings tax chaos: New rules let you earn £1,000 interest tax-free... but already savers are hit by errors
- Is government's Help to Save scheme a 'mis-selling' scandal waiting to happen? Former pensions minister thinks so...
- Risk warning on new 6.5% Isas which allow savers to invest tax-free through peer-to-peer websites
- End of the £150 bribe to get you to switch banks: Halifax, Clydesdale and Yorkshire Banks and First Direct to ditch incentives
- Yorkshire BS launches top rate savings account that gives you access to your money one day a year
- One million youngsters have money in child trust funds that have gone astray - how to check if yours is one of them
- At last! Banks may have to start paying YOU interest on your current account: Challengers call for 0.5% minimum as big players fear watchdog ruling
- Saving for your first home deposit? This is Money's pick of the best Help to Buy Isas
- The $1bn online bank heist that was foiled by a spelling mistake: But hackers still got away with $80m in con that fooled Bangladesh central bank and New York Fed
- Prime Minister's 'Help to Save' scheme to reward low income workers who save with £1,200 bonus
More must reads...
- RBS bottom of bank satisfaction league Customers complain of axed rewards as First Direct tops table
- Bank customers targeted in new 'smishing' scam Warning after one customer lost £23,000 (and Santander won't refund his cash)
- Banks giving savers wrong advice or failing to inform them about new £1k tax-free savings allowance Starts in April 2016
- LEE BOYCE: Victory as Royal Mint accepts commemorative coins back from buyers worried they were misled over legal tender (but boss shirks our interview request)
- Now you need a separate bank account for your online shopping That's police advice as 1,000 people a day are hit by fraud
- 'The nearest HSBC branch will now be more than three miles away' Fury as another bank branch bites the dust
- Real or not real Is this answer machine message a genuine one from HSBC or a phishing scam to get hold of bank details?
- Are Britons the best savers in Europe? Three in ten of us have grown our nest eggs in the last year - the highest proportion of 15 nationalities
- New savings minnow launches best buy fixed-rate bonds at up to 3.2% But is Milestone Savings a safe place to squirrel away cash?
- From 'shoulder surfing' to the 'Lebanese loop' How to make sure you don't become one of the 2,500 cashpoint fraud victims next week
- Barclays and RBS/NatWest continue to lose high number of current account switchers While Santander prospers (for now)
- It's not my default! Electrician Joe Jones is not even an HSBC customer, so why has the bank put him through hell over a stranger's £1k debt?
- Scrap £75k safety net on savers' deposits to stop them getting complacent And to prevent bank bailouts, think-tank says
- Half a million savers face pensioner bond rate plunge with NS&I; Can you find a better deal elsewhere?
- Fight back against the banks Your guide to the rules of switching and where to find the best current accounts
- Savings Champion: The hassle-free way to ensure you're getting the best savings rates
- Three simple steps to switch your current account to a better deal Checking whether you can get a better current account is a wise move - we explain how to do it
- SAVE SAFELY: We explain the rules on savings compensation, updated as they change, and how to keep your money safe
- SAVINGS COMPENSATION & PROTECTION: A comprehensive list of bank ownership and licences
FUND AND TRUST IDEAS
- FOREIGN & COLONIAL: Buffer pays off as Britain's oldest trust delivers its 45th consecutive annual dividend rise
- CRUX EUROPEAN SPECIAL SITUATIONS: With 'skin in the game', City scion Pease focuses on search for quality
- JUPITER ASIAN INCOME: The garden's tended... now Jason Pidcock aims for stars
- TROY INCOME & GROWTH: Going is good for trust named after a racehorse that's risen while the market falls
- PICTET WATER: Fund's plan to prosper as global demand for water grows could prove watertight
- FIDELITY ENHANCED INCOME: Fund has one of the highest yields in the UK equity income fund sector
- JPM GLOBAL MACRO OPPORTUNITIES: Fund has a name change - but the focus is still absolute
- SCOTTISH AMERICAN INVESTMENT COMPANY: Dividend is king, say the Saints who leave no stone unturned
- SCOTTISH MORTGAGE: The cheap investment trust looking back to the future for growth in an 'impatient world'
- LOWLAND INVESTMENT COMPANY: 'My buy early, sell early strategy can be infuriating... but it works'
- MITON UK VALUE OPPORTUNITIES: Young fund stays on track as it looks for value over glamour
- BAILLE GIFFORD JAPAN TRUST: 'Abenomics' is helping to put Japan back on the map for investors
- ABERFORTH SMALLER COMPANIES: Silence is golden for trust that lets numbers do the talking
- BLACKROCK THROGMORTON TRUST: The quasi-hedge fund that's happy to make money out of misfortune
THE INVESTING SHOW
- Investing Show: How to spot the dividend stars of the future
- Investing Show: Top bank shares and how to pick the best funds
- Investing Show: Tim Price says buy Japan - 'the standout value opportunity'
- Should investors be worried or ride out the stock market storm?
- How to avoid problem shares... so you can pick the winners
- Is now the time to get into Asia and emerging markets? The best places in the world to invest...
- Best oil and bank shares - and an investment trust manager's tips to invest for retirement income
- Reliable big dividend shares and the best emerging markets
- The Investing Show: Is the buy-to-let market about to run out of steam?
- Reasons to be cheerful and should you buy Lloyds shares?
- How to invest in bonds safely and dodge the traps
- Ten dividend shares for the next five years
- Five important questions for investors | Why Asia is the world's best opportunity
- Tips on exciting smaller companies from top investment trust manager James Henderson
Deals
- Savings accounts Find and compare savings accounts that suit your needs
- Current accounts Looking for a new account? Find the best rate from 300 compared
- Money transfer Transfer money to bank accounts worldwide securely and cheaply
- Free currency card Commission-free currency to beat the exchange fees
Guides
- Reclaim bank charges Can you still reclaim unfair bank charges? Follow our guide to find out
- Isas step-by-step An essential guide to tax-free saving
- How to save safely All you need to protect your savings
- How to beat the banks We tell you how to get a better deal on everything from current accounts to mortgages
Calculators
- Monthly vs. lump sum Compare the effect of regular savings with stashing a lump sum
- Inflation danger How inflation erodes away the value of your nest egg
- How long to £1m? How long to save before you reach the magic £1m
- Premium Bonds How close have you been to winning your fortune on the Premium Bonds?
SAVINGS ESSENTIALS
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Calculator
How much interest will you earn this year? Is a fixed or variable rate better? Find the answers -
BEST BUY TABLES
All the UK's best rates, independently compiled into rate tables by our experts -
Our 5 favourite ISAs
We've scoured the savings tables to find five top ISAs for savers in 2012 -
Savings predictions
Our expert gazes into his crystal ball to tell you what to expect for savings rates -
Safe savings
From tables of banking licences to top tips - we explain how to protect your nest egg -
Calculator
How much interest will you earn this year? Is a fixed or variable rate better? Find the answers -
BEST BUY TABLES
All the UK's best rates, independently compiled into rate tables by our experts