Mark Soper-RetireEasy
The new tax year officially commenced on Good Friday and the ISA allowances increased on the same day.
For 2012/13 you can invest up to £5,640 in a Cash ISA with the balance invested in a Stocks & Shares ISA or up to the full limit of £11,280 in a Stocks & Shares ISA.
The income generated from an ISA can be a tax effective way to increase your retirement income, particularly with the freezing of age-related income allowances from next April.
