One in four investors are said to be holding off from investing in Isas this tax year until Gordon Brown confirms whether or not he will reduce the current ISA allowance, suggests Invesco Perpetual research.
A survey conducted for the investment firm - on over 500 existing Isa investors with various providers - suggests the reason this year’s Isa season has so far failed to materialise is because consumers are in fact waiting to see whether the Chancellor of the Exchequer will proceed with previous plans to reduce Isa allowances from £7,000 per year for stocks and shares Isas to £5,000 and from £3,000 per year for cash Isas to £1,000 in 2006-2007, or whether the chancellor will continue to maintain current Isa limits, as the industry hopes. Research conducted by YouGov for Invesco Perpetual ...
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