Reeves' tax measures 'weighing heavily' on investors as ISA deadline approaches

Just 20% have maxed out their allowance

Cristian Angeloni
clock • 2 min read

Almost 40% of UK investors are yet to use their ISAs in the current financial year, with just two months to go until the tax-year deadline, research by digital wealth manager Nutmeg found.

In a poll of 1,000 participants by Opinium, just one fifth (20%) of UK investors have already taken advantage of the full £20,000 ISA allowance, with women (24%) more likely to have done so than men (18%). The Nutmeg survey findings came after PA's sister title Investment Week revealed an unusual surge in the number of investment platform clients maxing out their ISA allowances in September in fear of incurring higher capital gains tax (CGT) liabilities following Rachel Reeves' Autumn Budget. In fact, the digital wealth manager discovered that the tax measures introduced in the Budget...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Will Rachel Reeves' Spring Forecast tackle cash ISA hoarding?

Will Rachel Reeves' Spring Forecast tackle cash ISA hoarding?

'Too many people are unthinkingly hoarding cash'

Laura Suter
clock 18 March 2025 • 3 min read
Reeves not expected to make changes to Cash ISAs in Spring Forecast – reports

Reeves not expected to make changes to Cash ISAs in Spring Forecast – reports

Changes could come in Autumn Budget

Isabel Baxter
clock 13 March 2025 • 1 min read
Real cash ISA returns fall back into negative territory

Real cash ISA returns fall back into negative territory

Following seven months where returns beat inflation

Isabel Baxter
clock 20 February 2025 • 2 min read