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

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