Isa sales drop by 50%

a slow start to the season means sales only half that seen in 2004/2005

The past tax year saw Isa sales drop by some 50% over the 2003/04 period, although this was primarily due to a slow start to the season, as sales in March were just 10% down on the previous year. According to the IMA's monthly statistics, sales in March were a fivefold increase over February's figures with net Isa sales hitting &445m. Once the first five days of April are included, the figure moves up to &772m net, as sales in the last week of the season well outstripped that of the previous year, pulling in &327m net compared to &247m in April 2004. That said, the entire tax season saw ...