Benefits of ISA’S highlighted by Pima

Benefits of ISA’S highlighted by Pima February 21

Filed under ISA Investment Guides by Isa guides | 0 comments

The diversity of benefits offered to savers by individual savings accounts (ISA’S) has been highlighted by the Pep and ISA Managers’ Association (Pima).

With just 45 days left until the end of the 2006-2007 tax year, investors should think about taking advantage of the range of ISA investments available.

One of the simplest ways to invest money, ISA’S are the most popular form of saving for individuals, with more than 36 new accounts opened every minute during the first half of the current tax year. ISA’S can be set up on the internet, in local branches, over the phone, through financial advisors and by post, with some created in minutes.

According to Pima, there are now tens of thousands of investments eligible to be included in an ISA around the world and investors can take advantage of shares on more than 40 registered stock exchanges, with options to suit all levels of risk, lifestyles and interests.

Tony Vine-Lott, Pima general director, said: “ISA’S are a hugely popular savings scheme and bring financial benefit and security to many. The more people understand them, the more popular they become. They allow diverse investment in many different kinds of financial products.”

Some providers are currently offering fixed-rates on tax-free cash ISA’S of up to six per cent for a short period of time only. High money market rates and increased competition for cash ISA customers, has pushed up rates and consumers could take advantage of high rates for up to two years.

Written Exclusively by AdFero for ISA Guides

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