Isa take-up favoured by basic rate taxpayers - IMA

A survey of 500 people in November 2003 – through enquiries to the Investment Management Association and telephone interviews conducted through MIPP research – says 57% of respondents had already taken out an Isa in the last tax year, compared with 52% in the previous 2002/03 tax year. Moreover, over half of those again (55%) were basic rate taxpayers compared with only 18% of those in the higher rate tax bracket, and 53% preferred the cash component of a mini cash Isa compared with 36% opting for the maxi Isa. Should the stock markets again hit volatility, at least 64% of those quest...