News

29/03/2012 14:09:32

Save regularly this financial year

Investors have been advised to make regular payments into their ISA savings accounts over the coming 2012/13 financial year.

Invesco Perpetual says that monthly investment can help to "smooth out" fluctuations in share prices and also mount up over time to produce a considerable savings fund.

Rick White, marketing director of Invesco Perpetual, said the end of the financial year is a good time to review wealth management.

"With the new tax year fast approaching, this is an opportunity for investors to review their current investment strategies and consider taking advantage of tax-efficient benefits available," he said.

TD Direct Investing's latest Global Investor Confidence Study reveals that those who invest in the stock market are more likely to choose stocks and shares ISAs over their cash equivalent for the first time, fuelled by low returns on the latter investment.

On April 6th this year, the annual ISA subscription limit will increase to £11,280. Half of this, £5,640, will be able to go into a cash ISA, with the remainder being available for a stocks and shares ISA.