Money Box Live: ISAs and tax-free savings

BBC Radio 4's Money Box Live Wednesday, 3 March 2010 at 1502 GMT On Radio 4 and Online Listen to the programme Programme transcript (20 pages)

On Wednesday's programme Vincent Duggleby put your questions about ISAs and tax-free savings to a panel of experts.

Investors have until the close of business on 5 April to use this tax year's Individual Savings Accounts (ISA) allowance or lose it forever.

In the current tax year, people aged over 50 can shelter a maximum of £10,200 in their ISA wrapper.

The full amount can be placed in a stocks and shares ISA, or £5,100 can be saved in a cash ISA, with the option of investing the remainder in a stocks and shares product.

Those aged under 50 can invest £7,200, up to £3,600 of which can be saved in cash.

All age groups will benefit from the higher rates from the start of the new tax year on April 6.

If you have a question about ISAs or tax-free savings products Vincent Duggleby and guests will be waiting to help.

Do you understand the ISA rules?

What are the best cash ISA interest rates?

Can you move to another provider to get a better return?

Maybe you have a question about stocks and shares based ISAs?

How do you chose between shares, funds and bonds?

What is the minimum investment level and what sort of charges apply?

Or perhaps you have a question about Index-linked saving certificates?

Vincent Duggleby was joined by:

• Mark Dampier, head of research, Hargreaves Lansdown

• Rachel Thrussell, principal consultant, Moneyfacts

• John Douglas, senior financial consultant, Finesco Financial Services

Presenter: Vincent Duggleby
Producer: Diane Richardson

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