Britons are being urged to make the most of their Isa (individual savings account ) allowance as the deadline for investment looms.
The Investment Management Association (IMA) has published a guide to saving and investing in an Isa to give advice to people who are unsure about how they could benefit from using their yearly Isa allowance.
Apart from giving guidance on saving and investing in an Isa, the publication also offers a fact sheet that explains how Isas work.
It outlines the differences between mini and maxi Isas and also explains which types of investments and allowances could be held in the Isa wrapper.
Richard Saunders, chief executive of the IMA, says that those with investments have been showing "renewed interest" in buying funds over the last 12 months.
He says Isas are still "a simple and convenient way" of investing in this way.
"All returns from funds held within an Isa are exempt from income and capital gains tax," Mr Saunders points out, adding that Isa holdings need not be declared in tax returns.
He concludes that those considering investment in a fund should "seriously consider" an Isa before the deadline on April 5th.
Consider Isa before deadline, investors urged
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Consider Isa before deadline, investors urged
Tue, 07 Mar 2006
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