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Isa confusion claim

The Government is confusing worried Individual Savings Account customers, according to Gartmore.


The fund management group is claiming Isa rules make consumers fear they are breaking them even when they are not.


Gartmore is recommending the Government devise a single annual Isa allowance of £5,000 and stop baffling people with how much they are allowed to invest in a mini or maxi Isa.


Gartmore head of marketing Charles Ricketts says: “These schemes have the potential to be blockbusters, but they need simplifying if they are to succeed in spreading thrift and the saving habit.”

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