Why is the Annual Cash ISA limit half that of a Stocks & Shares ISA?

Written by Karen Bryan

cash isa limitWhen I was researching my recent article on the Cash ISA maximum (currently £5,340 per tax year), I was pretty annoyed to read that you can either put up to £10,680 per tax year in a Stocks and Shares ISA, OR up to £5,340 in a Stocks and Shares ISA plus up to £5,340 in a Cash ISA.

Why can’t I also have the option of putting up to £10,680 in a Cash ISA?  Why should someone investing in stock and shares get better tax breaks than me?

Doubling the current Cash ISA limit would give we savers more of the interest earned in our pockets, rather than the taxman’s.