Savings: Thousands of savers become ISA millionaires with pots average £1.4million | Personal Finance | Finance
It is estimated it would take approximately 34 years to earn a £3million ISA pot, and 44 years to become one of the select few who accumulate over £6million.
ISAs were only launched in 1987 with just a £2,400 annual allowance, with HMRC’s figures suggesting that a small number of investors have benefited from “supercharged returns” over the decades.
As of today, there are currently 2.7 million stocks and shares ISA holders. From this group, 37 percent are maxing out their allowances.
Simon Jones, CEO of InvestingReviews.co.uk, emphasised why these figures should be considered inspiration to the many ISA savers looking to boost their existing pots.
Related Posts
Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
