ISAs are great for many people but for those in cash, approaching or in retirement or falling into the ever-expanding IHT net better outcomes can be achieved, writes Les Cameron. And he's got the stats to back it up...
I was perusing the ISA statistics from June 2020 the other day. Remember maxis and minis? And the allowance was £7,000 when launched back in 1999! It stayed there initially then started increasing by inflation in 2008. Two hefty jumps in 2014 and 2017 bring us to today's £20,000 allowance. Back in 1999 there were around 9 million subscribers, evenly split between cash and stocks and shares. Subscribers rose, peaking around 15 million a decade ago before falling to around 11 million. One trend though is the fact that the proportion subscribing to stocks and shares ISAs is falling with mos...
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