Many savers have failed to make use of their full Isa allowance this tax year, research suggests.
With just three weeks to go until the end of the tax year, only 36% of Stocks and Shares Isa savers surveyed by Fidelity Personal Investing said they have invested their full allowance for this tax year.
Almost one fifth of Isa savers surveyed plan to invest in the last three weeks of the tax year before the April deadline.
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The study of over 500 Stocks and Shares ISA investors, conducted by Opinium for Fidelity Personal Investing found:
-15% of Isa savers are undecided as to whether to invest, or don't know where to invest yet;
-30% of Isa savers cannot afford or do not wish to
save any more into their Isa.
- 18% of people who still plan to invest through their Isas this tax year will do so in the last week before the April deadline.
- A further 28% of people who still plan to invest through their ISAs this tax year aren't sure when they'll do it.
Of the people who plan to invest through their Isas in the last three weeks of this tax year:
- 27% of people say they haven't gotten around to it
yet;
- 24% of people say they have been watching the markets and waiting for the right time to invest;
- 13% of people say they haven't been able to decide where to invest.
Mark Till, head of Fidelity Personal Investing, said: "Every year, a good proportion of Isa savers leave their decision-making to the last minute.
"24% of people who still plan to invest through their Isas say they've been waiting for the right time – but trying to time the market is hugely difficult, and you're likely to be far better off in the long run if you contribute regularly instead.
"It's not surprising that 13% of these people say they haven't been able to decide where to invest. With thousands of different funds to choose from, the decision can be daunting even off-putting."