From tomorrow, new tax-free savings limits kick in for anyoneaged 50 or over on 5 April 2010 so if you are 49 and a half, this affects you too. Isa limits for these people will rise from the current £7,200 to £10,200, with up to £5,100 allowed in a cash Isa.
As a result, banks and building societies have launched a wide range of deals with labels that suggest they are aimed at older savers. But, as is so often the case with financial products, a lot of this is just marketing - most of these "specially for the over-50s" products aren't any good.
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