Dec 28 2006
The majority of Britons would be in favour of a rise in the upper investment limit for individual savings accounts (Isas), according to a recent poll.
A survey by F&C revealed that while under 10 per cent believe that the current limit of £7,000 is appropriate, 56 per cent believed it should be raised to £10,000 and a further 21 per cent favoured doubling the limit to £14,000.
Meanwhile, 39 per cent of those surveyed said they were considering using an Isa, with another 32 per cent stating they "might" use the accounts.
Jason Hollands, director and head of communications at F&C, noted that leaving decisions late can be part of human nature, but could also increase mistakes due to rushing,
"A good New Year resolution for those considering an Isa would therefore be to act early in 2007 rather than leave it until the final weeks of the tax year," he said.
He added that this would give savers the opportunity to properly research their accounts and get adequate financial advice before making a decision.
Earlier this month, New Star's Wagstaff expressed disappointment that the chancellor had not announced an increase to the Isa limit in his pre-Budget report.
