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The FTSE 100 index of leading shares on Friday closed down 5,062 after a volatile day.
Photo: AFP/GETTY IMAGES
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More than 3 million people own shares in equity ISAs, one of the most popular
form of tax-efficient savings, with hundreds of thousands pouring money into
the scheme during March.
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However, if they had bought the maximum amount of shares possible, £10,000
worth, they would have since seen £1,200 already wiped off the value of
their holding. It would now be worth £8,812 if the money had been invested
in the the main shares on the London stock market.
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Each tax year people can invest £10,000 worth of shares in an ISA, a limit
which has only recently been raised which has encouraged many more people to
invest in the tax-efficient accounts.
They were particularly popular this year with savers fed up by the record-low …
Read the original article at Telegraph
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Tags: account, finance, money, savings, stock, UK
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