Les Cameron: ISA stats lead to planning thoughts

ISA tax relief cost £3.3bn in 2018/19

clock • 7 min read

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...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Compelling reasons: Growing a Lifetime ISA for retirement

Compelling reasons: Growing a Lifetime ISA for retirement

For some clients, there are compelling reasons why the LISA can be used as a complement to the tax benefits on offer in pensions, writes Joshua Croft

Joshua Croft
clock 24 November 2022 • 3 min read
Hill: “Our focus remains on helping new and existing clients navigate these tough times."

Hargreaves Lansdown focusing on 'cost control' amid mixed results

Revenue and active client growth positive despite AUA woes

Hope William-Smith
clock 17 October 2022 • 2 min read