With 5 April fast approaching, many investment companies have launched special ISA offers to encourage investors to make the most of their tax-free allowance.
J.P. Morgan Asset Management is offering investors 0% initial charge on all lump sum investments in J.P. Morgan Investment Trust ISAs when purchased online, until 30 April.
The offer applies to all 19 investment trusts managed by J.P. Morgan for 2009/2010 and early bird 2010/2011 Isa allowances.
Investors can take advantage of the offer by visiting the company's recently launched online wealth management service, J.P. Morgan WealthManager+ through which all of its investment trusts can be purchased.
The firm is also offering investors who invest offline an initial charge of 0.5% on all lump sum ISA investments in their investment trusts until 30 April. Free switching and ISA transfer is also available.
Speaking about the opportunities of investing in an ISA, David Barron, head of investment trusts at J.P. Morgan, says: "Using your ISA allowance remains one of the best ways of building long-term savings."
He says that investors who utilised their full ISA allowance each year from 1999 to 2009 in the JPMorgan Indian Investment Trust, for example, would now have £262,000.
"In addition, the increased ISA allowance of £10,200, which can be invested as a lump sum or through regular savings of up to £850 per month, is a welcome opportunity to put more money into equities in a tax-efficient way," Barron adds.
Elsewhere, Aberdeen Asset Managers is also running a special offer: no initial or brokerage charges, just £24 plus VAT a year per person per ISA account on 15 investment companies.
Alliance Trust Savings is offering investors that buy an investment trust online a fixed fee of just £12.50 or £20 by post.
Investors putting at least £100 per month into Baillie Gifford's investment companies will be rewarded with no initial charge and no dealing commission. Any new ISA investment between 1 March and 30 April will also receive a £10 Amazon voucher.
Over at Caledonia Investments, ISA investments will have their initial charges waived and the first year's annual administration charges waived for ISA taken out before 5 April.
Meanwhile, F&C Asset Management is offering a one-off annual fee of £60 across its 14 trusts, no matter how many ISA you hold with it.
And Gartmore has removed its initial 3% fee from all new investments in its ISAs.
Finally, Witan is offering free dealing on its ISA until 5 April. The offer is subject to a minimum £2,000 lump sum investment for new applications and £500 top-up for existing Isa holders.
Annabel Brodie-Smith, communication director at the Association of Investment Companies, urges investors to act quickly as there is less than two months to go until the end of the tax year.
"Investment company ISAs benefit from the features of investment companies – the closed-ended structure which allows managers to take a long-term view, the independent board who look after shareholder interests, the ability to gear and generally low internal charges," she adds.