Friday February 29, 10:16 AM
ISA countdown begins as deadline looms
By Barney McCarthy
Time is running out for those wishing to make the most of their ISA allowance with TD Waterhouse reminding consumers that there is less than 40 days to go before tax-year end.
Luckily for investors, heavy competition in the retail investment
sector has resulted in a downward trend in ISA charges this year, helped by TD Waterhouses introduction of zero fees on ISAs and PEPs for both new and existing customers.
With this pricing change, any trading ISA or PEP (Vienna: PEP.VI - news) account held with TD Waterhouse that has a valuation of £3,600 or more is not charged an annual administration fee (ISAs valued up to £3,599 will pay a fee of £30 plus VAT).
Angus Rigby, chief executive of TD Waterhouse, said: To get the most from regular smaller investments, the charges to manage and trade within an ISA must be competitive, and investors looking to manage their own ISA may well find the best deals from an online broker, such as TD Waterhouse, where the charges tend to be lower.
A TD Waterhouse ISA can be used to shelter shares or a combination of funds including a wide range of UK equities, gilts, bonds, investment trusts, unit trusts, iShares and exchange traded funds. By holding a wide range of these investments under one wrapper, investors are able to pool their assets, reducing dealing costs while also spreading their risk more evenly.
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