Warning over ISA deadlines

Warning over ISA deadlines March 14

Filed under ISA News by Isa guides | 0 comments

Investors who are planning to put their money into an ISA before the end of the current tax year should act sooner rather than later, one investment industry body has said.

The Association of Investment Companies (AIC) has warned that many ISA providers have actually imposed deadlines on investments before the new financial year, which begins on April 5th.

This means that many people could find themselves missing out if they do not take note of the closing dates.

“With just under a month to go until the 5th April deadline, investors may think they have plenty of time to make their ISA purchases,” commented Annabel Brodie-Smith from AIC.

“Whilst it’s easy to leave things to the last minute, investors should be aware that many investment companies have deadlines well before then, so it’s important to act now to avoid disappointment.”

Ms Brodie-Smith added that ISA’s had been shown to be good investments in volatile markets, such as those experienced recently.

Written Exclusively by AdFero for ISA Guides

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