Help clients avoid the 'seven deadly ISA sins'

Are you clients making the most of their allowances?

Julian Marr
clock • 2 min read

As the current tax year enters its final weeks, make sure clients are aware of the common mistakes ISA investors often make

Some rules of thumb are classics for a reason. As the current tax year enters its final weeks, therefore, there is no harm in ensuring your clients are fully aware of the common mistakes ISA investors are prone to make - including the so-called ‘seven deadly ISA sins' identified by Fidelity International associate investment director for personal investing Maike Currie. Perhaps the most topical of these sins is confusing volatility and risk. "If you had to sum up markets in 2016 in one word, it would be ‘volatile'," said Currie. "We have enjoyed a bull market for a number of years now...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

AJ Bell CEO cautions chancellor over proposed pension IHT changes

AJ Bell CEO cautions chancellor over proposed pension IHT changes

Michael Summersgill wrote to the Treasury over Budget shake-up

Linus Uhlig
clock 25 November 2024 • 3 min read
Investors flock to ISAs amid fears of Autumn Budget CGT hike

Investors flock to ISAs amid fears of Autumn Budget CGT hike

Rise in maxed out allowances as Budget looms

Cristian Angeloni
clock 23 October 2024 • 3 min read
Why clients should consider a switch from Help to Buy to Lifetime ISA

Why clients should consider a switch from Help to Buy to Lifetime ISA

Almost five years since Help to Buy ISAs were closed to new applicants

Laura Suter
clock 22 October 2024 • 3 min read