By investing early in the tax year, and remaining invested, Britons could make an extra £5,500, according to Fidelity International.
The mutual fund management company is reminding investors that Individual Savings Account (ISA) investments need not be left to the last minute – but rather, that investing early could boost savings.
According to Fidelity’s calculations, if a person invests their full £7,000 ISA allowance early in the year, they could earn up to £5,500 more than if they left it to the deadline to invest.
Doug Naismith, director of European personal investments at Fidelity said: “While we believe that for most investors there is generally little to gain in attempting to time the markets, planning ahead early to the next tax year, while remaining invested over the long term, could maximise returns."
He went on to say that the 2005/06 tax year was a “truly bumper” one for the sale of ISAs across the industry.To read more about investments, click here.
© Adfero Ltd