The number of individuals with more than £1m in their ISA accounts climbed more than 50% in the 2023/24 tax year, an FOI request shows.
A consumer group has warned that from next year savers could fall foul of an equity ISA cash trap.
The gender ISA gap held steady at £2,999 in 2023/4 (2022/3: £3,119), according to annual ISA statistics from HMRC.
Around £135.7bn was subscribed to adult ISAs in 2024 to 2025, an increase of £32.7bn compared to 2023 / 2024 - with Stocks and Shares ISA subscriptions increasing by 20% to £31.3bn.
Savers could be handed their strongest fixed return in years as ISA rates climb to their highest rates since January 2024, according to the latest Moneyfacts UK Savings Trends Treasury Report.
Financial advisers have spoken out against the Treasury’s plans to tax cash held in stocks and shares ISAs.
The Treasury has been heavily criticised today after announcing plans to tax the interest earned on cash held in stocks and shares ISAs.
It’s been an interesting week in politics, and some will be pleased at the outcome, but it's not been such a good week for ISAs. Far from it, in fact.
Many years ago BT ran an ad campaign with the tagline: ‘It’s good to talk.’ Older readers may remember it.
ISAs have been one of the most successful parts of the government’s strategy to encourage saving for several decades now so, of course, it is a perfect time to destroy them (sarcasm intended).
Chancellor Rachel Reeves may be planning to tax interest on cash held in stocks and shares ISAs, according to newspaper reports.
Investors under the age of 30 drove a 27% increase in the number of Stocks & Shares ISAs opened in the 2024/25 tax year.
Savers chipped in £4.6bn into cash ISAs in February as deposits with banks and building societies increased by £5.8bn, according to the latest Bank of England money and credit data released today.
In a sea of misery and general economic depression, it’s good to see that the humble ISA has brought some cheerier news by creating an unexpected plethora of new millionaires.
One in ten (11%) cash ISA holders plan to open a Stocks & Shares ISA before the April 2027 tax-free limit changes come into effect, according to a new report.
The number of ISA millionaires is set to have trebled over the last three years, according to analysis of recent HMRC data.
The number of savers maximising funding of their Cash ISAs in the 2022/23 tax year was the highest in the previous five tax years at 1.46m.
There are now 5,070 confirmed ISA millionaires and an additional 2,770 investors sitting on pots of between £900,000-£999,999, according to HMRC.
AJ Bell Investcentre, AJ Bell’s adviser arm, has streamlined its Bed and ISA process and has axed dealing charges for online transactions.
Cash ISAs had a record year in 2025, with £57bn of money paid into the accounts, according to the latest Bank of England Money and Credit figures.
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