Tax free savings appeal to millions - ISAs - News | moneyfacts.co.uk

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Tax free savings appeal to millions

Tax free savings appeal to millions

Category: ISAs

Updated: 17/08/2012
First Published: 17/08/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The initial hype over ISA season may have cooled down a few months ago; however, millions of savers still intend to place their money in an ISA before the end of this tax year.

Around 17 million people in the UK plan to open a cash ISA, with 40% of young people aged between 18 and 34 showing the most interest in tax free savings.

According to Santander, who compiled the report, Londoners are embracing ISAs the most, with 45% of people residing in the capital planning on saving with an ISA.

Andy Smith of Santander said: "Trying to save as early as possible in to a cash ISA will always reap benefits.

"Depositing money in a cash ISA is a great way to save, with benefits including nearly a full year of tax-free interest, and there are still some very good rates of return available for those who are prepared to shop around."

Looking for a Cash ISA - Compare cash isa rates and best isa rates for transfers

Request a FREE ISA Savings brochure now


Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
Close