ISA limit to increase to £11,520; Consults on AIM share inclusion

Chancellor George Osborne has announced plans to increase next year's ISA limit from £11,280 to £11,520.

Osborne also said the government is consulting over allowing direct investment in AIM shares within ISAs, to boost enterprise. "We are upgrading the ISA limit to £11,520 next year, while also consulting over allowing SME equity markets, such as AIM, to be included in ISAs," he said. "This will encourage and help UK small business grow." Previously, the 2012/2013 Cash ISA limit stood at £5,640, with the overall annual ISA limit being £11,280. The deadline to use the 2012/2013 ISA allowance is 5 April 2013.