Holders of Individual Savings Accounts (ISAs), who now account for 37% of UK households, have forfeited £13bn to the taxman by under-utilising their ISA allowances in the past 11 years. Now is the chance to use up your ISA allowance of £7,200, before April 5th!
Posts Tagged ‘Cheap Life Insurance’
Consumers lose billions in ISA savings
Tuesday, February 23rd, 2010ISA big hit with the ladies, as birthday looms
Wednesday, February 17th, 2010
The Individual Savings Account (ISA) turns 10 this year, and as a tax-efficient savings option has already been taken up by 37% of households in the UK. Growth in uptake of ISA accounts has been faster among women than men, and the ISA is particularly popular with under-25s.
Use your ISA allowances to combat bleak savings market
Wednesday, November 18th, 2009Savers in the current market need to take advantage of tax efficient saving in Individual Savings Accounts (ISAs), as variable rate savings accounts continue to offer close-to-zero returns. Only one in ten variable rate savings accounts provides a return to higher rate taxpayers, after the tax they pay on interest, according to new estimates published this [...]
Savers must search for higher interest options in difficult market
Monday, November 2nd, 2009With interest rates an a historical all-time low, mortgage holders may be smiling, but many savers are hurting, as they face a negligible return on investment of their hard-earned cash. The Bank of England base rate has been 0.5% since March 2009, and many savings accounts are currently paying interest of just 1%, or even [...]
Investing for their future education: Children's savings
Wednesday, June 10th, 2009Which of your children do you love more? With a university education currently estimated to cost over £43,000, some parents could face an uncomfortable choice. Can we afford to help all our children through college, or only one? One option is to start saving for your child’s education now with an Individual Savings Account (ISA). ISAs [...]
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