Cofunds is urging investors concerned by global market volatility not to relinquish their ISA allowance this year.
It says those who have not taken out an ISA using this year’s £7,000 allowance will see it vanish if they do not act before the end of the tax year.
Cofunds Marketing and Proposition Director Alastair Conway says there are a wealth of bond funds and absolute return funds available which offer returns on an ISA quite un-correlated with the FTSE Index.
He says: “This is not a benefit that can be carried forward past 5th April. It’s a matter of use it or lose it. “