If you will be over 50 on 6 October, you can start taking advantage of the new Isa limits, says Jessica Bown in The Sunday Times. While most of us won't be able to use the new £10,200 allowance until next April, anyone over 50 can increase their investments to the new limit from 6 October.
But if you invest in your Isa via monthly contributions, you can start reaping the benefits now. Previously, you couldn't invest more than £600 a month without exceeding the £7,200 limit. But you can now up your monthly amount to £850 without hitting the £7,200 ceiling before October, says Hargreaves Lansdown.
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