ISAs

New research from Nationwide Building Society reveals that ISA holders are not making full use of their tax-efficient allowance. In the current tax year:

This year’s March bonuses will not be spent on shopping sprees and shiny new cars. More than two in seven people (16%) plan to invest their bonus in an ISA instead, showing a more financially cautious approach in credit crunch Britain, according to new research by Selftrade, the online stockbroker.

Fidelity FundsNetwork is calling on the government to make further changes to ISA legislation to build on the changes set to be introduced on 6th April 2008.

IFAs are tipping Asian equities (ex Japan) as the asset class they think will perform best in 2008, according to new research from James Hay.

Worryingly, the majority (66%) of British females will not be investing in an Individual Savings Account (ISA) before 5 April 2008, and are on track to become the ‘biggest losers‘ in the tax-free savings stakes according to new research from The Co-operative Bank Cash ISA’s.

With the ISA season now kicking off, Abbey warns people to watch out for restrictive transfer conditions when choosing a new ISA provider.

From April 6th 2008, the Government is making some changes to the way Individual Savings Accounts (ISAs) work.

Almost two thirds of people (62%) do not have an ISA, according to research from Nationwide Building Society.

The majority of active investors are either undecided or will not be investing in an Individual Savings Account (ISA) before 6 April 2008, according to research from New Star Investment Funds.

The Government is making changes to the way Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs) work in the new tax year, to give certainty, simplicity and flexibility to savers. However, 79% of people are unaware that this is happening.

Retail stockbroker, The Share Centre, has reported a 60 per cent rise in the number of Individual Savings Accounts (ISA) opened in January and February of this year, compared with the same period in 2007.

Financial issues such as falling house prices and rising inflation are now talked about more than sport, politics and celebrity gossip.

With only 26 days left until the end of the tax year Egg’s Cash ISA paying 6.05% gross p.a./AER variable offers great value for customers who want to take out a cash ISA in 2007/2008 or are thinking of subscribing to a cash ISA in 2008/2009.

Leeds Building Society’s Inflation Buster Bonds have proved so popular with customers looking for a real return the Society has launched another tax-free version. The Inflation Buster ISA is guaranteed to beat inflation by 2.50%.

Stocks and shares to cash ISA transfers should be permitted, says the Building Societies Association (BSA), in its Budget submission to HM Treasury.