The Care ISA is an ill-thought-out idea

Posted by Adrian Lowcock in Press releases category on 21 Aug 18

“The Care ISA is an ill-thought-out idea. It will do very little to help the majority of people who need care in their old age because it will only benefit those who are most likely to be able to afford care in the first place and who have already used the existing generous ISA allowance.

“In addition, it will just add to the growing confusion that has surrounded ISAs for the last few years. Each new product added to the range has undermined the simplicity of ISAs. The original concept of ISAs has not been broken so it does not need fixing. They should still be used to save for your future, whether that is for a deposit for your home, income in retirement, providing for your grandchildren or paying for additional care.”

We don’t provide advice as to whether an investment is suitable for you. Before investing you should make sure you understand the risks involved and, if you’re unsure, seek expert financial advice.

Past performance of an investment is not a guide to future performance, the value of investments or income from them may go down as well as up and you may get back less than you originally invested. Tax treatment depends on your individual circumstances and may change.

Investments

Investment options

Help and information

Willis Owen

Connect with us

See our reviews

Have a question?

Call 0800 597 2525

Willis Owen Limited is authorised and regulated by the Financial Conduct Authority and is registered in England (No.3283706) at Ground Floor, 507 (Unit 2), Centennial Business Park, Elstree, WD6 3FG. The information and content of this site is intended for UK consumers.