Fair Investment Company Isa survey reveals customer pledge

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Fair Investment Company Isa survey reveals customer pledge

Wed 7th Apr 2010

Rebecca Sargent, editor for savings and investments at the organisation, said the limit could be met by making a lump-sum payment at the beginning of the term.

She added: "The longer you leave it, the less you will earn. Take advantage of the new limits and use them to their full potential."

The Fair Investment Company revealed that if an investor were to use the full allowance of a Schroders Income Maximiser Isa with an upfront payment of £10,200 they could earn £714.

However, just 32 per cent were choosing to use a cash Isa such as the RBS Royal Deposit, with which they could receive a £204 return if they invested at the start of the tax year.

The organisation recently revealed that 36 per cent of customers chose to defer their lump-sum payments and reached the maximum limit shortly before last week's Isa deadline.

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