Investors urged to use up ISA allowance

Investors have only a few days left to use up their tax-efficient ISA allowance with financial services provider, Alliance Trust Savings.

Customers in the Alliance Trust Select ISA can pick from more than 1,500 investment choices including hundreds of investment trusts, as well as equities, gilts and other fixed income investments. Investors can buy and sell shares online for a flat fee of £12.50 for each trade, set up and manage direct debits and pay money into an ISA by debit card.

Simon Longfellow, Marketing Manager at Alliance Trust Savings, said: “Unlike many other providers, Alliance Trust does not charge you set-up fees nor an annual administration fee for its ISAs. On top of that our dealing charges are very competitive, our online service offers a flat dealing rate of £12.50 for any share trade online and a choice of around 1,500 investments.

“In the current tax year, you are allowed to invest up to £7,000 tax-free into stocks and shares ISAs so it makes good sense to take advantage of this CGT tax-free allowance if you are able to save. However, you will have to hurry because there’s not much time left until the end of the tax year."

The deadlines for new customers to Alliance Trust ISAs are:

New online customers must subscribe to their ISA by 5 April
Complete postal applications and subscriptions must be received at Meadow House, 64 Reform Street, Dundee, DD1 9YP, by 4 April

ISAs are medium to long-term investments. The value of your investment may go down as well as up and you may not get back the amount of money invested. Taxation may change in the future. Current tax advantages may change and could be withdrawn; tax rates and reliefs may change and depend on your individual circumstances. Alliance Trust Savings’ charges and/or expenses may change in the future.

For more information, visit alliancetrust.co.uk.