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Stocks and shares ‘outperforming cash ISAs

 

Savings in stocks and shares ISAs (Individual Savings Accounts) are outperforming those in cash ISAs, according to figures from HM Revenue and Customs (HMRC).

 

New data has shown that the accumulated value in stocks and shares ISAs climbed by 53% in 2009/10, reaching £178 billion.

 

The rise is thought to have been fuelled by last year’s increase in the stock markets.

 

Conversely, low interest rates are believed to have depressed the value of cash ISAs, which rose by just 9% to £172bn.

 

Cash ISAs are held by about a third of the UK 's adult population. In April this year, the ISA allowance increased from £7,200 to £10,200, of which half can be saved in cash.

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