Fidelity reveals bestsellers as ISA deadline looms

Coins and investing

With less than two days remaining for you to use your Isa allowance for this tax year, investing platform Fidelity has revealed what Isa investment funds are proving popular with savers in 2014.

The deadline for you to put some of your savings out of reach from the taxman is midnight on Saturday 5 April. You can put away up to £5,760 in cash or £11,520 in a stocks and shares Isa, before the introduction of New Isas (Nisas) on 1 July 2014.

From that date you will be able to save up to £15,000 in cash, stocks and shares, or any combination of both.

Ahead of this year's cut-off, Fidelity has revealed its 10 best-selling funds into Isas so far this year. They are:

1. Fidelity Index UK
2. Invesco Perpetual Distribution
3. Henderson Cautious Managed
4. Fidelity Special Situations
5. Standard Life Investments Global Absolute Returns Strategy
6. Jupiter Merlin Income
7. Artemis Income
8. AXA Framlington Managed Balanced
9. M&G Optimal Income
10. Invesco Perpetual High Income

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Income-generating funds

Tom Stevenson, investment director for fidelity personal investing, said: "Given the UK's continued recovery this year, it's not a surprise to see that Fidelity Index UK has topped the Isa-fund charts since January.

"What's just as interesting, though, is the proliferation of income-generating funds among our bestsellers. Nearly half of the funds in this list even have 'income' in their titles, and it's no wonder investors are looking for dividends in a global environment where income remains scarce."

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