Isas still a good option while cash is king

One question never gets asked during the Isa season: is the tax break really worth it? The investment houses will tell you yes and even in 2003 there are a number which are preparing to take Isa applications right up to midnight on 5 April, among them Invesco Perpetual, Legal & General and M&G. It might be in the optimistic belief that there will be a last minute rush, it might be a sign of desperation, that even a few extra cheques for £7,000 could make a difference to what has been a poor Isa season. In the short term the tax break is probably not worth a lot. In falling markets th...