Whilst investors in London are saving, the majority of investors are not maximising their returns or taking advantage of the tax breaks open to them.
New research conducted on behalf of Fidelity Investment Managers shows that London is in the top ten UK cities for saving the most each month.
However, over 44 per cent of people in the capital still do not have an Isa .
And following the recent confirmation of the new Isa allowance for the next tax year, Fidelity has urged investors to utilise their Isa to increase their long-term savings pot.
"It is great news that Londoners are saving so much each month, but with rising taxes savers and investors really should make sure they put as much as they can in their Isa each year and not miss out on the tax relief that is rightfully theirs," remarked Rob Fisher, head of UK personal investment at Fidelity Investment Managers .
Londoners offered investment advice
Londoners offered investment advice
Tue, 16 Nov 2010
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