JPMorgan Asset Management encourages tax-efficient investments

In a bid to encourage investors to take advantage of tax-efficient investment measures, JPMorgan Asset Management (JPMAM) has announced that it is offering free ISA and PEP transfers and is waiving transaction charges on all investments over £1,000 into any of its JPMorgan Investment Trust ISAs.

JPMAM’s special offer is available until 30 April 2007, so investors can take advantage of the benefits on offer for both this and next year’s ISA allowances. Investors wishing to qualify for the current tax year can submit applications up until 5 April 2007, as the seven day ‘cooling off’ period for ISA investments has been removed for those who have not received financial advice on their investment. Those who have received financial advice must submit their ISA applications by 29 March 2007.

James Saunders Watson, Head of Investment Trust Sales and Marketing at JPMorgan Asset Management said: “We urge investors to save money by meeting the application deadlines and benefiting from the tax breaks offered by ISAs. By taking advantage of special offers such as JPMAM’s removal of investment and transfer charges, people can save even more money. We consciously extended our offer period beyond the end of the 2006-7 tax year, to allow a ‘double-bonus’ of savings and encourage people to begin investing next year’s allowance as soon as possible.”