The average subscription in cash individual savings accounts (ISAs) in the United Kingdom (UK) in 2022/23 was higher than a year earlier. Subscriptions into adults' cash ISAs were over five times higher than the amount of money going into that type of junior ISAs. The financial year of 2014/15 saw the highest average subscription with over ***** British pounds into adult cash ISAs. Subscriptions refer to the payments that individuals make into their accounts. However, every year a limit is set to how much money can be saved up.
The overall value of contributions to individual savings accounts (ISAs) in the United Kingdom (UK) amounted to ** billion British pounds in 2022/23. Most of those subscriptions were for adult accounts, with junior ISAs making up a small share of the total. Subscriptions refer to the payments that individuals make into their accounts. However, there is a limit to how much money an individual can save.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
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Provides information on savings in adult and junior Individual Savings Accounts - the number of individuals subscribing to ISAs and market values of ISAs.
Source agency: HM Revenue and Customs
Designation: National Statistics
Language: English
Alternative title: Individual Savings Accounts Main Tables 9.6
This is the second release of HMRC’s consolidated annual savings statistics publication. This year the publication has additional Child Trust Fund and Lifetime Individual Savings Account statistics.
The average subscription into stocks and shares individual savings accounts (ISAs) in the United Kingdom (UK) fell significantly in the financial year 2022/23. Adult stocks and shares ISAs had much higher subscriptions than the equivalent type of junior accounts, but that difference has been narrowing, as the subscriptions of Junior stock and shares ISAs have remained mostly stable. Subscriptions refer to the payments that individuals make into their accounts. However, every year a limit is set to how much money can be saved up.
The type of in individual savings accounts (ISAs) with the highest average subscription in 2022/23 in the United Kingdom (UK) were stocks and shares. The average payment into Cash ISAs owned by adults were significantly higher than the money going into Junior Cash ISAs. Lifetime ISAs had the lowest average subscriptions. Subscriptions refer to the payments that individuals make into their accounts. However, every year a limit is set to how much money can be saved up.
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The average subscription in cash individual savings accounts (ISAs) in the United Kingdom (UK) in 2022/23 was higher than a year earlier. Subscriptions into adults' cash ISAs were over five times higher than the amount of money going into that type of junior ISAs. The financial year of 2014/15 saw the highest average subscription with over ***** British pounds into adult cash ISAs. Subscriptions refer to the payments that individuals make into their accounts. However, every year a limit is set to how much money can be saved up.