HSBC cash ISA top ups for 50 year olds and over

All eligible HSBC Bank plc cash ISA savers who have already made subscriptions and will be aged 50 years and over within this tax year, will from the 6th October be able to top up their cash ISA account with an extra £1,500 for this tax year. This follows the Chancellor's announcement in this year's Budget regarding increases to ISA allowances.

To remind them of this tax benefit, HSBC will write to its 1.1 million eligible ISA savers over the next two weeks explaining what they need to do to take advantage of the additional £1500 increase to their saving limit.

HSBC is also launching three new Cash ISA's with competitive interest rates.

From October 6th 2009, eligible customers who have not yet opened a cash ISA and will be aged 50 and over in this tax year, will be entitled to invest their full £5,100 allowance into these new ISA accounts.