The Isa allowance remains "too valuable" a tax break to be ignored, says Cofunds' strategic development director Anthony Wolfe.
Wolfe speaks out after some commentators said Isa sales will slow as the end of the tax year approaches and markets continue to wobble. His words also follow Alliance Trust’s assertion that charges applied when investors switch stock into an Isa render the tax advantages meaningless. “The Isa allowance is too valuable a tax break to be wasted,” he says. “People should remember that now the decision to put money in an ISA and the decision about which fund to buy are completely unrelated. “Some investors may have been concerned by the recent equity market wobble – but [on platforms] there...
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