Clients should be considering reviewing their savings plans and in particular whether they should contribute to ISAs. It was reported in the press recently that a couple who had invested the maximum annual allowance in ISAs (formerly PEPs) since the scheme’s inception have now achieved an investment fund in excess of £1m. Given the continued low rate offered on savings, we would recommend that clients consider using the monthly cash savings they are making on reduced repayments on loans and mortgages into an ISA savings account. There is discussion as to whether these savings should be used to accelerate repayments of the mortgage or use them elsewhere. The advice very much depends upon personal circumstances and, if you feel this is something would like to investigate, please call the office to make a mutually convenient appointment to review the situation.