Female savers increasingly turning to ISAs

The report by Halifax shows slightly more men than women signed up to a tax-free account in the first seven years of the scheme. However, the number of women registering accelerated by 52% over the period compared with a 35% increase for men. ISAs are also proving popular with young people, perhaps as a tax free means of saving for a mortgage deposit. Under-25s experienced the fastest rise in ISA uptake - up 88% in the first nine years. However, this age group still has the lowest overall number of individuals subscribing to an ISA. A total of 37% of households in the UK now hav...