8th May 2013
Discount broker Willis Owen has reported strong Isa sales continuing into the beginning of the new tax year. The firm says Isa sales in April 2013 were up 49% on April last year. In addition, Willis Owen sales during the last five days of last ISA season were up 39% on the previous year.
The firm has conducted research with YouGov showing that the majority of retail investors plan to match or beat their 2012 activity in 2013. The driver appears to be the improved situation on the FTSE.
Managing director Jason Chapman says: “It’s encouraging to see so many people prepared to make the most of their tax-free allowance. Nationally though, IMA stats suggest people are still making withdrawals from their ISA pots. This is understandable given the economic climate, but this is one of the few remaining tax breaks open to everyone and we’d urge investors to do all they can to secure it.
“This year, the Isa allowance has increased to £11,520. To make the most of this tax-free benefit, investors who make payments via regular direct debits mustn’t forget to adjust their payments. But the most important thing is to take advantage of the new allowance as soon as possible and not leave it until the end of the tax year. If investors don’t have a lump sum to invest then drip feeding money into the market is a great way to build up the savings pot.”
The firm has also listed its best selling funds and sectors in 2013 so far.
Top selling funds so far in 2013
|Invesco Perpetual Income Fund|
|Jupiter Merlin Growth Portfolio|
|Newton Global Higher Income R Fund|
|Fidelity Moneybuilder Income A Fund|
|Invesco Perpetual High Income Fund|
|Threadneedle High Yield Bond 1 Fund|
|Artemis Income Fund|
|Henderson Global Technology A Fund|
|Schroder Asian Alpha Plus A Fund|
Top selling sectors so far in 2013
|UK Equity Income|
|£ Corporate Bond|
|UK All Companies|
|Global Equity Income|