Individual Savings Accounts: Older People

(asked on 20th April 2023) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what recent estimate they have made of how many people over the age of 60 have ISAs in the UK; and what is the (1) total, and (2) average, value of those ISAs.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 28th April 2023

The latest information is available in Hansard under reference HL1263, which gives this specific breakdown for the 2019 to 2020 tax year. Breakdowns of ISAs by age bands for tax year 2020 to 2021 will be published in HMRC’s Annual savings statistics in June 2023. These statistics show ISA breakdowns for individuals aged over 65.

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