Those opening up new ISA accounts with Legal & General will be able to receive cashback on the product's annual management charges.
New ISA accounts
opened with Legal & General before April 30th will receive 50 per cent cashback on annual management charges.
As of April 6th this year, the annual deposit limit on stocks and shares ISAs
increased to £10,200 and Legal & General is eager to offer new and existing customers the opportunity to take full advantage of its best ISA
rates to maximise tax efficiency.
New customers, people who want to transfer a lump sum of at least £3,600 from another ISA provider and existing customers are all eligible for this deal. Savers must then keep their money invested in the same fund until December 31st in order to qualify to receive 50 per cent back on their annual management charge next February.
Claire Evans, marketing-director at Legal & General, said: "Investing a lump sum at the start of the tax year allows you to benefit from 12 months of tax-efficient investment and creates a compelling reason to invest sooner rather than later."
By Kate Guthrie