HSBC promotes cash Isa savings
www.moneynews.co.uk > General finance > HSBC promotes cash Isa savings
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HSBC promotes cash Isa savings
Thu 18th Mar 2010
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He said: "In a very low interest rate environment, using the government's Isa scheme can be a great way to boost your savings."
Mr Wells added that allowance limits will increase for anyone under 50 on April 6th from £3,600 to £5,100 and so investors should make full use of their account.
An HSBC survey has shown 50 per cent of people in the UK have a cash-based individual savings account Isa.
However, only 37 per cent of tax payers took out a cash Isa in 2008 and 2009, according to fairinvestment.co.uk.
The website revealed more than £15 billion was lost to the taxman in unused Isa allowances at the end of the tax year in 2009.
Click here for more general finance news
Related News : General finance |
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Related News : HSBC |
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