ISAs PASS THE £130BN MARK
The Pep and Isa Managers’ Association today welcomed the value of ISA subscriptions passing the £130bn mark.
Since launch over 15 million people have opened ISA accounts – making them the most popular savings vehicle. On average £30bn is now invested each year
Tony Vine-Lott, Director General of PIMA said: [i]“ISAs just get more and more popular every year yet the Government plans to reduce ISA limits, end the dividend tax credit and reduce the level of cash saving which can be made. This is doing nothing to encourage even greater saving. We call on the Chancellor to reverse these changes and do more to support saving.”[/i]