Thousands of savers become ISA millionaires with pots averaging £1.4million

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Thousands of savers become ISA millionaires with pots averaging £1.4million

It is estimated it would take approximately 34 years to earn a £3million ISA pot, and 44 years to become one of the select few who accumulate over

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It is estimated it would take approximately 34 years to earn a £3million ISA pot, and 44 years to become one of the select few who accumulate over £6million.

ISAs were only launched in 1987 with just a £2,400 annual allowance, with HMRC’s figures suggesting that a small number of investors have benefited from “supercharged returns” over the decades.

As of today, there are currently 2.7 million stocks and shares ISA holders. From this group, 37 percent are maxing out their allowances.

Simon Jones, CEO of InvestingReviews.co.uk, emphasised why these figures should be considered inspiration to the many ISA savers looking to boost their existing pots.



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