Common Misconceptions About ISAs

Morningstar debunks myths and misconceptions about ISA accounts and savings

Morningstar.co.uk Editors 15 March, 2013 | 1:00PM
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This article is part of the special series, Investing with ISAs.

The specifics of investing within ISAs can give rise to multiple questions and misunderstandings. The following article will address and clarify certain ISA-related issues and misconceptions.

ISAs must be purchased from your current bank
WRONG

Investors are encouraged to shop around for the best ISA scheme. You don’t have to stay with your current bank. The more legwork and research you do, the more ISA deals you will probably find.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Morningstar.co.uk Editors  analyse and report on shares, funds, market developments and good investing practice for individual investors and their advisers in the UK.

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