National Broker firm, Willis Owen has predicted there will be a surge in customers rushing to invest their ISA allowance before the cut off at midnight on Tuesday.
Investors have until the end of the tax year to invest their ISA allowance, which see’s them able to invest over £10,000 in tax free savings plans.
Director of Willis Owen, Alan Easter said, “Every year at this time we see a flurry of activity from investors making full use of their Isa allowance before the door shuts for another year. We expect nothing different this year as investors increasingly choose to invest direct through a discount broker with the savings that brings.
“And with people’s finances being squeezed by rising taxation and the increasing cost of living, we would encourage them not to miss out on this year’s tax-free allowance.”
Alan also pointed out that those customers unsure about investing in stocks and shares ISAs at the moment because of the unrest in Japan and Libya could invest their full allowance in cash reserves, and then invest that money into stocks when the time was right.
Willis Owen has this year announced a new Price Pledge scheme, which will see the company refund all commission charges on funds that lose value; such is their confidence of making their investors money.