Written question asked by Andrew Love (Labour) on Thursday, 16 November 2000, in the House of Commons. It was due for an answer on Wednesday, 22 November 2000. It was answered by Melanie Johnson (Labour) on Wednesday, 22 November 2000 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, how many ISA accounts have been opened; how much has been invested in total in ISA accounts to date; how much was invested in (a) PEPs and (b) TESSAs in the same introductory period; and if he will make a statement. - Inc figures.

Answer: Mr. Love: To ask the Chancellor of the Exchequer how many ISA accounts have been opened; how much has been invested in total in ISA accounts to date; how much was invested in (a) PEPs and (b) TESSAs in the same introductory period; and if he will make a statement. [139417] Miss Melanie Johnson: Individual Savings Accounts have attracted £37.6 billion in their first year and a quarter. Almost 9.3 million accounts were opened in 1999-2000. There were some 3.1 million TESSAs after their first year and a quarter, in which £10.4 billion had been invested. A similar comparative figure for PEPs is not available, but PEPs attracted only £480 million in their first year from 270,000 investors, and a further £200 million from 120,000 investors in their second year.

Secondary information

Type: Written question
Reference: 357 c247W; 139417
Session: 1999-00
Subjects: Investment Individual savings accounts Personal savings Personal equity plans Take-up Tax exempt special savings accounts
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk