Why you are going to need an Isa this year

This time of year, the papers are crammed full of advice badgering you to take out an Isa, says Bengt Saelensminde. But here are three good reasons for taking one out that you won't read elsewhere.

I know, I know, I know. This time of year all you hear about are those flaming Isas. "You must get your Isa money in now... Use it, or lose it..." and all that guff.

I'm sure you're already aware of the oft-touted reasons for this tax-efficient wrapper and how you can shield your winnings from the taxman.But today I want to show you three not so well flagged reasons why Isas are going to be more crucial as time rolls on. If you generally don't bother with an Isa, then please allow me a couple of minutes to change your mind.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.