TD Waterhouse customers to benefit from increased ISA limits

With effect from Tuesday, 6th October, TD Waterhouse is automatically increasing the limit on its stocks and shares Trading ISA and Regular Investment ISA for those customers who will be aged 50 or over before the end of this tax year (5th April 2010). The changes coincide with the increase in ISA limits from £7,200 to £10,200 for the over 50s, which was announced by the Government in this year's budget.

Eligible TD Waterhouse customers will be able to take advantage of the increased limit and easily fund their ISA online by debit card, cheque or by making internal account transfer from their TD Waterhouse account.

Angus Rigby, CEO, TD Waterhouse comments: "The increase in ISA limits comes at a crucial time for investors. As interest rates remain at record lows and returns on cash have dwindled, we have seen the popularity of our ISA products continue to grow over the last few years. We fully expect customers to take advantage of their increased limit to maximise the benefits of this useful tax efficient investment product.

"A TD Waterhouse self select Trading ISA or Regular Investment ISA can help shrewd investors diversify their investment portfolios by holding UK and International equities, unit trusts, shares, investment trusts, gilts, bonds, OEICs or exchange traded funds. As an added incentive, and despite the increase in the ISA limit, TD Waterhouse will continue to waive the annual administration charge on ISAs with a balance in excess of £3,600.