Number of ISA millionaires surges to record high with 25 people holding pots worth £12m Personal Finance The number of ISA millionaires in the UK hit a record high, as more Brits chose to plough their cash into the tax-shielded account. The total number of stocks and shares ISA millionaires increased by more than 50 per cent in the 2023/24 tax year, reaching a record 7,730 according to an FOI request from [...]
Sky-high school fees force parents to dig into pensions and savings Tax Spiralling education costs after the government’s school fees crackdown are forcing a record number of parents to dip into their pensions and savings to keep their children at private school. According to a fresh Rathbones study, parents face a “double squeeze” having to fund higher private education fees at the expense of their own long-term [...]
Ask the expert: Can I build a £1m pension by 60? Personal Finance Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know how to achieve a £1m pension pot. Q. I’m 32 and earn £50,000 per year. I only have about £55,000 in my pension currently and want to grow that to £1m by age [...]
Ask the expert: Is this a hack for contributing £29,000 to an ISA? August 17, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know if they’ve found a hack on UK ISA rules. Q. My grandson is turning 18 this year. I want to give him some money to invest in his ISA. Is it true that [...]
London Stock Exchange boss: We should know which companies our pensions are backing August 11, 2026 The boss of the London Stock Exchange has called on pension providers to be clearer about the make-up of their vast portfolios, arguing that greater transparency would encourage them to back more homegrown companies. Dame Julia Hoggett told City AM it should be easier for savers to determine where their retirement nest eggs are invested, [...]
It’s not up to retail investors to revive the London Stock Market July 30, 2026 The British Isa has once again reared its head. We report this week that Standard Life chair Nicholas Lyons has argued that the tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets. “Do we really want to be lowering the cost of capital for American companies by giving [...]
Ban foreign stocks from Isa wrapper, says top pensions boss July 28, 2026 The tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets, according to the chair of a top pension fund who also called for an inheritance tax carve-out for retail investors who buy government bonds. Speaking at an event, Standard Life chair Nicholas Lyons argued limiting the tax incentive [...]
Reeves’ new tax charge on cash ISAs faces fierce industry backlash June 23, 2026 The Treasury has revealed plans for the UK’s new ISA regime, which will see it tax interest on cash held in stocks and shares ISAs at 22 per cent, prompting fierce backlash from industry figures, who argue that the decision is “riddled with unintended consequences”. HMRC updated the market on three rules that will create [...]
Moneybox profit slides as wealth manager bets on ‘high levels of automation’ May 27, 2026 Moneybox saw its profit slide by nearly a quarter in the last year as the wealth manager invested “heavily” in new technology and bet on “high levels of automation”. The London-based fintech notched its third consecutive year of profitability but faced a 23 per cent drop in its pre-tax takings at £14.9m by the end [...]
‘Mascots don’t move markets’: City grandee pours cold water on retail investment drive April 28, 2026 The government’s industry-backed investing campaign will fail to usher in a new wave of retail investment unless ministers also promise to scrap the UK’s “hard to defend” tax regime on shares, the boss of a top investment bank has warned. Writing in City AM, Peel Hunt chief executive Steven Fine said that the record haul [...]