Individual Savings Accounts
(asked on 10th February 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 13 December 2017 (HL3799), what estimate they have made of the number of people aged (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and for each age group, what is the monetary value of the average holding.
The number of people in the age bands (1) 50–59, (2) 60–69, (3) 70–79, (4) 80–89, and (5) 90 or over, who own ISAs; and the average holding is set out in the table below for the most recent year for which we have data (2016/2017):
ISA Holders (16/17) | Numbers: thousands |
| |
| Age | Total Number of ISA holders | Average ISA Market Values |
| 50-59 | 4,100 | £26,900 |
| 60-69 | 3,900 | £41,600 |
| 70-79 | 3,000 | £47,400 |
| 80-89 | 1,400 | £48,300 |
| 90 and over | 300 | £51,000 |
| Total1 | 21,200 | £27,600 |
Footnotes | |||
1 Total is for all ages, including those not shown in the table. | |||
This table is based on information used in HMRC Individual Savings Account (ISA) statistics, which is available on the Gov.uk website.