WILLIAM Faith has been doing his own investing since the early days of privatisation and holds a range of investment trusts including Standard Life UK Smaller Companies, Aberdeen Asian Smaller Companies and Qatar investment fund.
But the retired IBM manager from Bo'ness in West Lothian has not got excited about the new Nisa.
"Everyone was rushing for July 1, but I haven't done anything yet, I am waiting to see what happens to interest rates," he says.
"The only real advantage of an Isa is inheritance tax and possibly capital gains tax, not a great deal more."
Mr Faith has long been using platforms to buy shares and investment trusts and has accounts with Selftrade and Hargreaves Lansdown. He says the new charging regime has not benefited consumers.
"The likes of Hargreaves are still going to make their money one way or the other, and it's not always easy to leave."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
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