Over 50s taking advantage of upper Isa limit, poll shows

Three-quarters of over 50s are taking advantage of the higher Isa limit, according to research by Barclays Wealth.

The same proportion of all investors surveyed by the retail broker indicated that they plan to put their money in investment Isas for the next tax year beginning on April 6th.

Some 84% of Investment Isa subscribers put their money into equities last year, the Barclays Wealth data shows.

Commenting on the findings, Head of Investments at Barclays Stockbrokers Barbara-Ann King explained: "It is also encouraging to see clients understand the value of a diversified portfolio.

"Almost three-quarters of investors (72%) spread their ISA across various products and asset classes."

Earlier this week, a Co-operative Financial Services survey suggested that 13% of investors will put their money into an ethical or sustainable Isa this year.

This is far higher than the current 1% market share.

The level of ethical Isa investments has also increased by two and a half times over the past decade, from £2.8 billion to £6.8 billion.

Posted by Ruth Bradshaw