Advisers told to drill down into ISA benefits

Although ISAs may appear equal at face value, both an investor's individual tax circumstances and type of investment held play "a significant role" in determining eventual tax benefits, says the fund house. "It is possible to look at the type of investment coupled with the investor's tax rate and calculate the additional tax boost the ISA provides," says Fidelity director of tax & trust planning Paul Kennedy. He adds although investment decisions should first and foremost correlate to risk objectives, where clients have a broad range of assets, advisers should consider how to best use...