advice

There’s a good article on the Moneywise web site that I was emailed today… all about the myths associated with ISAs. They’ve given a top 10, as:

1. You can only open one ISA
2. They have to be declared on a tax return
3. They are only worth having if you are a higher-rate taxpayer
4. They are risky
5.  Opening an ISA is complicated
6. Putting money in an ISA is better than contributing to a pension
7. Transferring an ISA is a nuisance
8. There’s no point putting money into an ISA outside ISA season
9. Teenagers can’t have ISAs
10. If I move abroad, I’ll lose my ISA

The full article is available HERE