You are here: Home - Investing -

Edinburgh savers most likely to use full ISA allowance

Written by:
Savers in Scotland's capital are most likely to make use of their full ISA allowance, according to a new report.

For the second year running, Edinburgh came out as the leading city, town or area in the UK with the highest number of savers who have maximised their ISA allowance.

According to Alliance Trust Saving, research into the top 10 areas in the UK where clients have maxed out their ISA allowance also found South-West London again in second place, followed by Tonbridge in Kent.

With three Scottish towns or cities and seven areas in the South East of England, the findings indicate the clear regional popularity of ISAs in the UK.

Garry Mcluckie, Head of Platform at Alliance Trust Savings, said: “With the ISA deadline fast approaching, we urge the rest of the UK to follow Edinburgh’s lead in maximising their whole ISA allowance of £11,280.

“Investors have until midnight on Friday to invest in a stocks and shares ISA or split it and put up to £5,640 in a cash ISA.

“Since ISAs were introduced in 1999, the ISA limits have risen from £7,000 to the current allowance of £11, 280.

“If you had made the full use of these accounts since launch, you could have sheltered £92,940 from HMRC, including the 2011/2012 allowance, without taking capital growth into account.”


Tag Box




Financial fitness

There are 0 Comment(s)

Spreadbetting hub

Click here to find out everything you need to know about spreadbetting

Is your mortgage fully protected with critical illness?

For a free quote or to speak with an insurance expert call 0800 1218744

Guide for First-Time Buyers

Download our free, handy guide for first-time buyers, produced in association with the Post Office.

BNY Mellon launches investment guide for women

BNY Mellon has produced a free ‘Guide to Investing for Women' to provide an introduction to investing and lo...

Your ultimate guide to the new ISA rules

As the new ISA – or "NISA" – rules come into force, we explain what has changed and how you can benefit.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Shopping for the best rate can help your savings build over time.

Top tips for protecting yourself online

One in six adults has fallen victim to a cyber-attack, according to new research from Experian.

BLOG: Top tips for would-be entrepreneurs

As Global Entrepreneurship Week draws to a close James Benamor teaches Your Money how to get a business off th...

Stock tips from top fund manager: IP Group

James Henderson, manager of the Lowland Investment Company and Henderson Opportunities Trust, selects IP Group...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Questions on health insurance?

Visit or call 01202 544255

Money Tips of the Week