Confused savers shun ISAs for 2010

Widespread uncertainty over the potential gains from ISAs means 37% intend to forgo their allowance for 2009/2010, according to a moneysupermarket.com poll of 1200 people. Of those who will not be investing, almost a quarter (24%) will avoid ISAs because they do not understand them. Overall, 80% of respondents admitted confusion over the value of the savings vehicle, despite Government efforts to simplify the rules as well as increasing the amount which qualifies for the tax-free benefit. Just over half (51%) said they could not afford to save, with the remaining 26% saying they co...