Brits 'not benefiting' from Abbey Isas.

Monday 27 March 2006

Abbey believes that many people are not benefiting from the tax-free benefits afforded by Isas.

Its research suggests that although 96 per cent of British adults know that an Isa is a savings account and just over three quarters (76 per cent) are aware of their benefits, 27 million adults do not have one.

Abbey's Instant Access Isa is currently paying 4.6 per cent tax-free interest and is available until May 31st 2006.

Pak Chan, head of investments and marketing at the society, said that Abbey's Instant Access Isa funds can be withdrawn with a cash card "to enable account holders to access their money at a time that suits them through ATMs".

Abbey has also recently launched a Guaranteed Growth Plan and the Property and Stock Market plan, which are investment Isas with 100 per cent capital guarantee.

track© Adfero Ltd


Personal finance headlines

> Scottish Widows' Isa discount offer announced > Nationwide's FlexAccount offers "exceptional ... > Brits 'not benefiting' from Abbey Isas. > Plummet in popularity of maxi Isas > Isa waste benefits Brown > Leeds' Isa/Toisa range extended > BSA urges government to extend Child Trust Fu... > N&P's new Isa rates announced > Customers should take advantage of Isa tax al... > Yorkshire's mini-cash Isa offers tax-free sav...

Here are your comments on this topic:


Brits 'not benefiting' from Abbey Isas.