All the updated news related to isa

All the news related to isa updated in real time

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Personal Finance

£10,000 in cash ‘could be worth just £8,500 in today’s money in five years’

Three-quarters of Isa savers favour keeping their money in cash, even though £10,000 in cash could be worth just £8,500 in today’s money in five years’ time, according to research. Seven in 10 (71%) people said they were still managing to save at ...

30 Mar 2022 at 12:25

City

UK has around 2,000 ‘Isa millionaires’, figures show

The UK has around 2,000 “Isa millionaires”, sitting on pots worth an average £1,412,000, HM Revenue and Customs (HMRC) figures show. Within the total, around 60 investors hold pots amounting to more than £3 million, according to the data ...

19 Jan 2022 at 08:25

Personal Finance

Boost for more than 1.3m savers as NS&I announces rate hikes

More than 1.3 million people will see a boost to their savings as NS&I increases the interest rate on some products. The rates paid on the Direct Saver, Income Bonds, Direct Isa and Junior Isa have been increased from Thursday, the ...

21 Jul 2022 at 13:17

Personal Finance

Dip in the number of Isa millionaires as stock market volatility takes its toll

There are 520 fewer “Isa millionaires” following a period of global stock market volatility, according to the latest annual figures. HM Revenue and Customs (HMRC) revealed the dip following a Freedom of Information (FOI) request ...

01 Sept 2022 at 07:00

Personal Finance

Average interest rate for easy-access savings rises to highest since 2009

The average easy-access cash-savings rate has hit its highest point since January 2009, according to analysis. Savers can now typically get returns of 1.43% with this type of account, financial information website Moneyfacts.co....

19 Dec 2022 at 13:04

Personal Finance

Reforms needed to encourage more people to save, says think tank

A shake-up of incentives to help people save is needed to help more households build resilience against financial shocks, according to a think tank. The struggle to save is a particular problem for low to middle-income ...

16 Jan 2023 at 00:01

Personal Finance

Tax-efficient Isas jumped in popularity in 2022-23 amid improved rates

Isas have surged in popularity in the higher interest rate environment, according to annual HM Revenue and Customs (HMRC) figures. About 12.5 million adult Isa accounts were subscribed to in 2022-23, up from 11.8 ...

19 Sept 2024 at 12:28

Personal Finance

Some households will receive income and savings boosts during April

Some households will see boosts to their income or have new savings options to choose from as April gets under way. Many will be grappling with April price hikes to their regular bills, but with a new tax year ...

30 Mar 2024 at 02:45

Personal Finance

Hargreaves Lansdown says it has 69% more Isa millionaires than in 2020

Investment platform Hargreaves Lansdown says it had about two-thirds more Isa millionaires by the end of 2021 than a year earlier. It counted 973 Isa millionaires on its books, up by 69% from 576 at the end ...

25 Mar 2022 at 10:55

Personal Finance

Nearly 5,000 savers are ‘Isa millionaires’ – HMRC figures

The number of “Isa millionaires” recorded by the revenue service has jumped by around a fifth in the space of a year. Some 4,850 savers had Isa pots worth £1 million-plus by the end of the financial year ...

13 Nov 2024 at 00:01

Personal Finance

Average fixed savings rates on offer fall to lowest levels for more than a year

Some average fixed savings rates where money needs to be “locked” away have fallen to their lowest levels in at least a year, according to a financial information website. The average savings rate on ...

21 Oct 2024 at 12:58

Personal Finance

Autumn Statement could be brilliant opportunity for Isa rules shake-up – experts

The Autumn Statement could provide a “brilliant opportunity” to tweak Isa rules, creating a “major win” for savers, according to finance experts. Reports suggest that the Government is considering ...

09 Nov 2023 at 11:49

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