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Press Release

For immediate release: Thursday 9 June 2005

INVESTING IN INDIVIDUAL SAVINGS ACCOUNTS - A free fact sheet from the Investment Management Association

- Updated following 2005 Budget changes -

The Investment Management Association has reissued its popular free fact sheet 'Investing in ISAs - a guide to saving and investing in individual savings account', reflecting the changes introduced in this year's Budget.

The fact sheet takes readers through the various features and advantages of investing in ISAs in easy to understand sections.

Important topics covered include:

  • Eligibility
  • Benefits of ISA investment
  • How ISAs work, including definitions of Mini and Maxi ISAs
  • ISA limits, covered by tables showing the pre 5 April and post 6 April 2005 limits
  • The tax situation
  • Stakeholder ISAs
  • How to contact an Independent Financial Adviser
  • How to contact an IMA member

Mona Patel, Head of Communications at the IMA, commented:

"IMA's fact sheet is designed to help investors better understand ISAs by highlighting the key advantages of what is a very simple way of saving."

"So much information aimed at the investing public only confuses the reader by over-complicating the issues - our ISA fact sheet is packed with useful information written in plain English."

Copies of this and other free publications from the IMA are available both online at www.investmentuk.org/fact_sheets or in hard copy format by calling the Investment FactLine on 020 7269 4639.

-Ends-

For further information, please contact:
Helen Stephenson, Communications Officer, IMA 020 7831 0898

Out of hours contact:
Mona Patel, Head of Communications, IMA    07834 089332

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