More than a third could miss out on ISA deadline Go compare with our comparison table

More than a third could miss out on ISA deadline

30 March 2010 / by Rachel Mason

More than a third of investors leave their ISA investment until the end of the tax year, according to a recent poll by Fair Investment Company.

According to the research, 36 per cent of Fair Investment Company investors choose to make a lump sum ISA investment at the end of the financial year.

In light of the research, the firm is reminding investors of the fact that the financial year effectively ends four days early this year because of Easter, and not to leave it too late.

"This research reveals that people really do leave it until the last minute when it comes to ISA investment," warns Fair Investment Company's Rebecca Sargent. She continues, "this is why it is so important that people are aware of the fact that the ISA deadline is early this year."

Due to the fact that the last day of the financial year (April 5th) is Easter Monday, for most providers, the actual end of the tax year is the last working day before that, which is April 1st.

Some providers are making provisions for the early deadline, for example, Fair Investment will be accepting stocks and shares ISA applications through its funds service up until 11.50pm on April 5th, as will Chelsea and Bestinvest, Hargreaves Lansdown and Alliance Trust Savings.

Alliance Trust Savings will also be opening its Dundee headquarters on Good Friday and Easter Monday to accept ISA subscriptions right up to the deadline.

"We are offering customers the flexibility to subscribe, in a way that suits them - be it online, in person or over the phone," said spokesman Iain Horn.

But despite the fact that many providers are allowing customers to apply right up until April 5th, the message is clear – use your allowance sooner rather than later.

Annabel Brodie-Smith from the Association of Investment Companies said; "Investors need to act fast if they want to use this year's ISA allowance.  Time is running out for many postal applications with deadlines falling before the 5 April," while Steve Reid, retail director, Clydesdale Bank warned, "if you haven't already done so the opportunity to invest in an ISA this year is that little bit less.

"The ISA allowance isn't flexible so beat the deadline and pay less tax," he said.
 

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', eventAction: 'Account', eventLabel: 'Schroders Monthly High Income' });">Schroders Monthly High Income Fundyes
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The Schroder Monthly High Income Fund aims to generate a high income, whilst not compromising capital, by investing in a diversified basket of fixed income securities. 100% Discount off Initial Charges.
', eventAction: 'Account', eventLabel: 'Invesco Perpetual Monthly Income Plus' });">Invesco Perpetual Monthly Income Plus Fund ISAyes
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Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
', eventAction: 'Account', eventLabel: 'Henderson Strategic Bond Fund' });">Henderson Strategic Bond Fundyes
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', eventAction: 'Apply Now', eventLabel: 'Henderson Strategic Bond Fund' });">More Info >
The aim of this fund is to deliver a quarterly income to investors by investing in higher yielding assets, which will include most types of fixed interest securities such as high yield bonds, investment grade bonds and government gilts, as well as having the ability to invest a proportion of the fund in equities. Income is paid to you quarterly.
', eventAction: 'Account', eventLabel: 'Schroders Income Maximiser' });">Schroders Income Maximiseryes
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The Schroder Income Maximiser Fund ISA aims to deliver a target income yield of 7% pa, also providing potential capital growth. Income is paid to you quarterly. 100% Discount off Initial Charges.
', eventAction: 'Account', eventLabel: 'Invesco Perpetual Corporate Bond' });">Invesco Perpetual Corporate Bond ISAyes
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This highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'Artemis Income ISA' });">Artemis Income ISAyes
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One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'Jupiter Corporate Bond' });">Jupiter Corporate Bond Fund ISAyes
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', eventAction: 'Apply Now', eventLabel: 'Jupiter Corporate Bond' });">More Info >
The Jupiter Corporate Bond aims to achieve a high level of income with the opportunity for capital growth, through mainly investing in fixed interest securities. Income is paid to you twice yearly. 87.5% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'invesco perpetual high income' });">Invesco Perpetual High Income Fund ISAyes
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One of the UK's most popular income fund ISAs the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'MandG Corporate Bond' });">M&G Corporate Bond ISAyes
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The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge.
', eventAction: 'Account', eventLabel: 'Jupiter Merlin Income' });">Jupiter Merlin Income Portfolioyes
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The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Fund Charge.
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†† Income payments are dependent upon the FTSE 100 Index.

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