Make this weekend ‘ISA Weekend’ - Savings - News - Moneyfacts


Make this weekend ‘ISA Weekend’

Make this weekend ‘ISA Weekend’

Category: Savings

Updated: 26/03/2010
First Published: 26/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Savers have been told to get their ISA applications completed this weekend or risk missing out on their 2009/10 tax free allowance.

With the end of tax year coinciding with the Easter holidays, investors have been urged to make time over the weekend to think about where they are going to invest.

They are also being encouraged to complete their application well ahead of the Easter bank holiday weekend, in order to ensure they take advantage of this year's ISA allowance.

Of the ISA sales made last year by Fidelity International, over one third (34%) of the applications it received arrived in the last week of the tax year.

Pushing it even closer were almost a quarter (24%) of applicants, whose requests to open an ISA came in the last two working days before the final deadline.

Although applying for an ISA online is the fastest way of making sure your allowance does not go to waste, it is still best to get the deed done early.

"The way this year's Easter bank holiday falls means that the new financial year is coming round much sooner than you think," said Rob Fisher, head of UK personal investments at Fidelity International.

"And while many people invest online or by phone nowadays, which they can do over the bank holiday weekend, there can always be last minute problems with debit card payments or even web connections.

"Those people who still send their application through the post are probably at most risk of a potential delay.

"Whichever way you prefer to invest though, don't leave buying your ISA to the very last minute. Treat this coming weekend as 'ISA Weekend', get your 2009/10 ISA application done and dusted ahead of the bank holidays, and make the most of your Easter break."

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