Given the current economic climate, making the right investment decisions has never been more important or complex, it has been claimed.
Danny Cox, of Hargreaves Lansdown, has therefore advised Britons to increase their net income by using an Isa .
Mr Cox explained that Isa income is free of taxation, thereby potentially improving the amount of income investors actually receive.
"Allocate your income bearing investments such as fixed interest and equity income funds to ISAs and this reduces any potential for further tax," he advised.
"Isas are also free from capital gains tax allowing you to switch funds or cash in without a tax charge."
Meanwhile, Legal and General is currently offering £100 cashback to Britons transferring their existing Isas to the provider during the month of September.
Britons given investment advice
Britons given investment advice
Tue, 21 Sep 2010
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