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AITC queries Isa sales stats

The Association of Investment Trust Companies has blasted figures showing Isas have been more popular than Peps and Tessas.


The Inland Revenue is claiming £12.7bn poured into Isas in the six months after their launch in April of this year – 40 per cent higher than the amount invested in Peps and Tessas in the same time last year.


But the official Government figures on the Isa market do not tally with AITC data.


The Association of Investment Trust Companies is saying sales of unit trust Isas in the six months to the end of September amounted to no more than £3.5bn, which is just over half of the sales figures published by the Revenue.


The Revenue would not comment on the discrepancy saying a full breakdown of Isa sales would be published in April of next year.


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