Sourced Capital, a platform that facilitates property investment, is out with a note demanding that the UK government extend next month’s ISA deadline. Currently, the deadline is set for the 5th of April. Sourced Capital would like to see it moved to the 1st of October in light of the COVID-19 crisis.
To help encourage the government to allow UK citizens more time to save for retirement, Soucec Capital has launched a Change.org petition.
Stephen Moss, founder and MD of Sourced Capital, commented on the demand:
“We very much appreciate that the Government has a lot on its plate at present and that the upcoming ISA deadline will be far from a priority. However, with the extraordinary circumstances we currently find ourselves in, we believe it is only right to delay the ISA deadline to enable those investing to make the most of their allowance. With many facing financial difficulty and with interest rates at a record low, the outlook for those trying to accumulate any kind of savings pot over the coming year is bleak. We believe an extension to the deadline allows them to make the most of what little return they might receive and we hope we can gain the required traction in order to see this happen.”
Sourced Capital also facilitates ISA opportunities. The platform accepts investments of as little as £250.
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