How many last-minute ISA investors missed the cut off?

Sam Slator 01/04/2017 in Strategy

In March, we asked FundCalibre investors a simple question: have you invested in an ISA this year?

The good news is that 70% said yes, which means that more than two thirds of you are taking advantage of the tax benefits that ISAs have to offer and saving to help meet your financial goals. Great stuff!!

Just over 15% said no. Hopefully, things might be different this tax year. If you’ve never invested before, don’t let that put you off; we have lots of tips and guides to help you get started. Try our 7 tips to help you build the perfect portfolio or our piece on how to choose a fund.

Lastly though, about the same number of respondents – 15% – said they were leaving their ISA investment to the last minute! While it’s great that you wanted to invest, next year we recommend not letting things get down to the wire – a small mistake could cost you your annual ISA allowance! If you’re not convinced, check out our managing director Darius McDermott’s piece for CityAM, we he offers six tips that can help you avoid disappointment with last-minute investing.

Instead, you may want to consider setting up a regular contribution now to make sure you do invest – or, if you’re lucky enough to have the spare cash, simply investing a lump sum at the start of the tax year.

This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Past performance is not a reliable guide to future returns. Market and exchange-rate movements may cause the value of investments to go down as well as up. Yields will fluctuate and so income from investments is variable and not guaranteed. You may not get back the amount originally invested. Tax treatment depends of your individual circumstances and may be subject to change in the future. If you are unsure about the suitability of any investment you should seek professional advice. Whilst FundCalibre provides product information, guidance and fund research we cannot know which of these products or funds, if any, are suitable for your particular circumstances and must leave that judgement to you. Before you make any investment decision, make sure you’re comfortable and fully understand the risks. Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.