Investors reluctant to opt for Isas

The number of people planning to forego the opportunity to take out an Isa in the 2002/3 tax ye...

The number of people planning to forego the opportunity to take out an Isa in the 2002/3 tax year rose in February, according to research from the AITC. The AITC survey taken 21-23 March found 63% were not planning to invest in an Isa before 5 April, up from 51% in a survey taken 17-19 January. Of these, some 31% had no excess cash or savings to put into an Isa. Some 32% of those questioned for the survey had put their excess cash into either a bank or building society, while 12% had spent the money on home improvements. Despite the uncertainty among investors, more than 70% di...