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ISAs

• the annual investment limit has gone up to £10,200, up to £5,100 of which can be saved in cash
  
• these higher limits will be available for people aged 50 and over from 6 October 2009, and to everyone from 6 April 2010

• Saving and investing with ISAs (Money, tax and benefits section)

Pensions tax relief

• from April 2011, tax relief on pension contributions will be reduced for those with incomes over £150,000, reducing down to a level of 20 per cent for people on incomes of more than £180,000 per year
  
• people will not be allowed to take advantage of pensions tax relief while it is still available by making large additional pension contributions ahead of the restriction taking effect
• people who have never earned more than £150,000 and those who continue with their regular pattern of contributions will not be affected by this measure

• Tax relief on pension contributions (Money, tax and benefits section)

• Tax advantages of personal pensions (Money, tax and benefits section)

• Benefits and tax allowances in retirement (Money, tax and benefits section)

• Budget changes to tax relief on personal pension contributions (HMRC) Opens new window

Pensioner savers

Several measures will be introduced to target support on lower income pensioners who may have seen a fall in their income from savings. 

From Autumn 2009:

• the first £10,000 of savings held by pensioners will not be taken into account for assessment of their entitlement to Pension Credit, Housing Benefit and Council Tax Benefit – the current level is £6,000, meaning that around 540,000 Pension Credit claimants will benefit by around £4 per week
• people getting Pension Credit who may have overpaid tax on their savings income in the past six years will be contacted as part of a taxback campaign encouraging them to claim tax back on savings income and, where possible, register to avoid overpaying tax in future - those who claim are expected to receive around £200 on average
  

• Pensions, state benefits and your tax code (Money, tax and benefits section)

• How benefits and pensions are paid (Money, tax and benefits section)

• Understanding Pension Credit (Money, tax and benefits section)