Innes Reid Investments Limited

Investor confidence seems to once again be riding high after it was revealed sales of stocks and shares ISAs had risen to levels not seen for nine years.

As announced by the Chancellor in his 2009 Pre Budget speech, and confirmed in the 2010Finance Bill, the nil rate band will not increase to £350,000 in 2010/11 and will now remain at £325,000.

The highest rate of Income Tax is now 50%, and will apply to taxable income over £150,000 a year.  The tax rate on dividends for those with taxable income over £150,000 will be 42.5%.

On the 14th October at Flintshire Business Week we are set to launch a new initiative "Learn To Love Your Pension".

The ISA allowance is now £10,200 for all UK Resident adults.