|
For immediate release: Thursday 17th March 2005
20 DAYS LEFT TO MAKE USE OF THIS YEARS ISA LIMIT
IMAs GUIDE TO INVESTING IN INDIVIDUAL SAVINGS ACCOUNTS (ISAs)
IMA has today issued its fact sheet Investing in ISAs A guide to saving and investing in Individual Savings Accounts which incorporates the changes announced in yesterdays Budget.
The Chancellors decision to retain the current ISA limit of 7,000 until April 2010, is a welcome vote of confidence for ISAs and means that investors are able to turn to this simple, tax-efficient savings vehicle for the next few years.
IMAs free guide aims to help investors understand how the Budget has affected the investment limits and explains the basics of ISA investing. The guide gives detailed explanations on the following areas:
- What ISAs are, how they work and who is eligible;
- ISA limits for Maxi and Mini ISAs;
- Benefits of investing in ISAs;
- Upcoming changes for the life insurance component, CAT standards and the introduction of stakeholder ISAs.
Richard Saunders, Chief Executive of the IMA commented:
We welcome the Chancellors announcement to retain the ISA limits until 2010 and believe this demonstrates the Governments commitment to providing tax free vehicles to encourage investors to save.
With the deadline looming for this years ISA we hope that our comprehensive guide will enable consumers to make informed decisions when using their tax-free allowance.
A copy of the guide is attached. Additional copies can be obtained from the IMA website at www.investmentuk.org or by calling 020 7269 4639.
-Ends-
For further information, please contact:
Helen Stephenson, Communications Officer, IMA 020 7831 0898
Out of hours contact:
Mona Patel, Head of Communications, IMA 07834 089332
|
