ISAs 'offer tax-efficient savings options'
27/11/2009
Topic: Investments
ISAs offer investors the chance to save their money in a tax-efficient manner, according to one organisation.
Fidelity International believes that independent financial advisors should consider highlighting the compound interest benefits that ISAs can provide savers with.
It suggests that saving into an ISA from an early stage could lead to better returns in the long run.
The firm's Head of UK Retail Sales Peter Hicks said that investors should also take advantage of the opportunities provided by recent ISA allowance changes.
He noted: "The ISA is the most tax-efficient way to save outside of a pension, and the increase in allowance is the biggest positive move the government has made in over a decade towards saving."
Fidelity International has recently urged people over the age of 50 to consider setting up ISAs, with greater investment limits now allowing them to save more cash in a tax-efficient way.
Written by David Shuker.
Fidelity International believes that independent financial advisors should consider highlighting the compound interest benefits that ISAs can provide savers with.
It suggests that saving into an ISA from an early stage could lead to better returns in the long run.
The firm's Head of UK Retail Sales Peter Hicks said that investors should also take advantage of the opportunities provided by recent ISA allowance changes.
He noted: "The ISA is the most tax-efficient way to save outside of a pension, and the increase in allowance is the biggest positive move the government has made in over a decade towards saving."
Fidelity International has recently urged people over the age of 50 to consider setting up ISAs, with greater investment limits now allowing them to save more cash in a tax-efficient way.
Written by David Shuker.
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