Changes to the ISA allowance will cause a surge in business levels for the next tax year, with investments into equity funds set to soar.
In the latest FundsNetwork survey, which polled 600 advisers, an overwhelming 90% say clients will use the additional £3,000 ISA allowance.
Over three-quarters of advisers (75%) say their over-50 client base has already taken advantage of the increased ISA limit, with 87% saying clients below this age category will do so when it become available after 5 April.
The survey also suggests a strong bias towards equity investments, with 80% of advisers recommending equity funds to clients and just 11% recommending bonds.
"It is interesting to see there is already demand from clients to utilise the extra £3,000 allowance when it becomes available in the next tax year," says head of UK retail sales at FundsNetwork Peter Hicks.
"To be able to shelter £10,200 each year from the tax man is a big deal. Over time with accumulation, that money could be used towards education, paying off a mortgage or even retirement."
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