Do you know your ISA from your elbow?

8 April 2013

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A brand new tax year has started, allowing all UK over-16s to save £5,760 in a cash ISA where the interest is tax-free (see Top Cash ISAs for full info). Yet many still find them confusing. Which of these is nearest to your CASH ISA scenario?

A brand new tax year has started, allowing all UK over-16s to save £5,760 in a cash ISA where the interest is tax-free (see Top Cash ISAs for full info). Yet many still find them confusing.

Which of these is nearest to your CASH ISA scenario?

Results

Not got one as I’m in debt/no savings		2,526 votes (13 %)
Not got one as I invest in ISA stocks/shares instead		712 votes (4 %)
Not got one as there are better options out there		435 votes (2 %)
Got savings, but no cash ISA as they confuse/worry me		678 votes (3 %)
Just started to understand ISAs and will be using this year's allowance		319 votes (2 %)
I use cash ISAs - have up to £1,000 saved		781 votes (4 %)
I use cash ISAs - have £1,001-£5,000 saved		2,145 votes (11 %)
I use cash ISAs - have £5,001-£10,000 saved		2,637 votes (13 %)
I use cash ISAs - have £10,001-£20,000 saved		3,452 votes (18 %)
I use cash ISAs - have £20,001-£50,000 saved		3,956 votes (20 %)
I use cash ISAs - have £50,001+ saved		1,900 votes (10 %)

                   19,541 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.