PIMA WELCOMES ISAs REACHING 14 MILLION SAVERS
The Treasury has issued new figures for ISA savings which show over 14 million ISA accounts have been opened since the tax-free wrapper was launched in 1999.
Gordon Brown’s Pre-Budget report also showed ISA saving had now reached the £100bn mark.
Tony Vine-Lott, director-general of PIMA, said:
‘Reaching the £100bn mark in ISA sales in just three years is a fantastic achievement and really does show that, even in difficult investment markets, consumers increasingly recognise the benefits of tax-free saving.’