Un_trendy ISAs

According to a recent survey by JPMorgan Fleming, around 64% of ISA investors would not be adding more funds before the end of the tax year.  Of those people intending to use their ISA allowance, 71% will be in cash.  Although this means that many of the 2002/03 tax year ISA allowances will be lost for good, investors seem to favour taxed bank and building society accounts at the moment.  Whilst ISA allowances can be valuable, they are definitely not right for everyone.  Next year the ability for ISA managers to reclaim the 10% tax credit paid with dividends from UK equities will be lost.  This means that ISAs will only really benefit higher rate taxpayers and those people that use their Capital Gains Tax allowances.  If in doubt, seek advice.  There could be better investments for you.Visit the Savings Adviser.com to learn more about savings in general or why not take a look at our Guide to Choosing An Isa.