Saturday, March 16, 2013

Most people with ISAs have very little in them

Only 15pc of Isa customers have used their whole allowance

Savers aged 25 to 34 have an average balance of £2,712, which is less than half of the current annual cash Isa allowance of £5,640.With the average balance increasing to £4,389 for those aged between 35 and 44 and rises again to £7,330 for customers between 45 and 54. So we roughly put in £1500 on average for every 10 years of our age which is very roughly £100/year with accumulated interest. Quite sad really.

Posted by enuii @ 10:12 AM (1539 views)
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2 thoughts on “Most people with ISAs have very little in them

  • Well duh, because interest rates are to freaking low!!

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  • ISAs are just another tax dodge for the rich and always have been.

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