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AS 2012: Osborne confirms Isa limit increase to £11,520

Chancellor George Osborne has announced plans to raise the Isa limit to £11,520 from next April.

George Osborne 450

The limit had been due to raise in line with inflation; the Isa limit rose by £600 in the previous tax year from £10,680 to £11,280.

The Isa limit was indexed to inflation for the first time in June 2010, the figure is calculated to the nearest £120. The change had linked Isas to the retail prices index but from April 2012 the rise has been put in line with the lower consumer prices index figure.

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Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

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