50 plus ISA investors will capitalise on increased allowances

As new limits on ISAs (Individual Savings Accounts) come into force making them even more attractive vehicles for savings, investors continue to appreciate their importance and intend to maximise this tax benefit, according to Barclays Stockbrokers, the UK's largest stockbroker. With new limits being introduced on 6 October 2009 for over 50s, research has found two thirds (63%) of those eligible, intend to contribute up to the full increased £10,200 limit. Barclays Stockbrokers clients are also confident of the potential returns from equities with two thirds of those planning to increase their allocation to stocks and shares and just 13% planning to increase their cash investments. One in eight are remaining cautious and will invest depending on the volatility of the markets and 9% believe their decision will depend on savings rates.

Barbara-Ann King, Head of Investments at Barclays Stockbrokers, comments: "It is clear our ISA investors are keen to make the most of the increased ISA allowances and take full advantage of the tax free benefits. This means that our clients are able to move more meaningful amounts outside the tax net, and of course the ISA allowances only limit the contributions that can be made and not the potential returns with no capital gains or income tax payable on any growth within an ISA.

"In investment markets that remain volatile, investors need access to a wide range of products to allow them to capitalise on opportunities as they arise. Through investing in Barclays Stockbrokers Investment ISAs, our clients are in complete control of their investment decisions. As well as stocks and shares, gilts and bonds, investors can also consider funds, Exchange Traded Funds (ETFs), Exchange Traded Commodities (ETCs), Real Estate Investment Trusts (REITs) and structured products to form part of their portfolios. It really is your ISA, your way."

Barclays Stockbrokers has made all the necessary preparations to be able to accept the higher levels of contributions from those clients who are eligible, either online, over the telephone or by post. The Investment ISA from Barclays Stockbrokers allows investors to make the most of their additional ISA allowances by giving them:

control: they can choose from one of the widest ranges of investments available in the market to construct a portfolio to meet their needs

all the help they need: Barclays Stockbrokers provides clients with access to an education centre, online seminars and our retirement and tax planning centres. As well as market data, clients have access to in-house research publications such as Compass and Signpost and topical investment commentary through Investment ViewPoint and Smart Investor

the ability to manage their portfolio when it suits them: online visibility of their portfolio with real-time valuations allowing clients to manage investments, including placing orders, 24 hours a day, 7 days a week.