Extension of the Isa maximum contribution to £7,000 until
A survey of over 900 equity investors suggests over a quarter (27%) are those people now more likely to invest in an equity-based Isa this year after chancellor Gordon Brown last November announced he would maintain equity Isa limits at £7,000 until at least 2009, rather than cut them at the end of this tax year as previously suggested.
At least three in five questioned (59%) also say they believe consumers will be more encouraged to invest in equity markets in 2005 as a result of the Isa extension, suggests the Fidelity poll conducted by YouGov.
Questions were asked of those people who either currently hold equity investments or intend to do so within the next six months.
Research findings may actually reflect a change in consumer buying patterns of Isa investments, as the recent Investment Management Association statistics suggest Isa sales did improve again in December, climbing 83% to £92.9m compared with £50.7m in November, albeit this is still substantially down on December 2003, when net Isa sales stood at £209m.
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