Investors appear to be turning their backs on Isas, according to the latest Co-Operative annual Isa Intentions report.
The study highlights that 73 per cent of Isa holders will not use their full allowance before the end of the tax year in April, compared to 60 per cent in 2007.
However, this does not mean that people prefer to invest their cash in stocks and shares, with only 16 per cent of respondents saying they would consider this option.
Zack Hocking, Co-operative head of investments, comments: "These figures are concerning.
"Not only do they confirm that many people intend to let their Isa allowance fall by the wayside, reluctance exists to invest in the stock market at a point when many industry experts are saying it could be a great time for investors with a longer-term horizon."
Recent research by uSwitch.com showed that half of people not planning to make full use of their Isa are being turned off by low interest rates .
Investors not using full Isa allowances
Investors not using full Isa allowances
Tue, 24 Feb 2009
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