Property News · August 31, 2017

Popularity of cash Isas collapses in space of year


Tax rule changes and low interest rates blamed after amount invested fell from £58.7bn in 2015-16 to £39.2bn last yearCash Isa savings accounts have collapsed in popularity, with a £20bn fall in the amount invested in the space of 12 months.A combination of changes to tax rules and continuing low interest rates have been blamed for the 33% decrease in the amounts being invested in cash Isas during the 2016-17 tax year. HM Revenue & Customs said the total fell to £39.2bn, down from £58.7bn the previous year. Continue reading…

Source : theguardian.com
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