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Written question asked by Lord Flight (Conservative) on Thursday, 18 October 2001, in the House of Commons. It was due for an answer on Thursday, 25 October 2001. It was answered by Ruth Kelly (Labour) on Thursday, 25 October 2001 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, if he will provide a breakdown of the take-up rate of ISAs by each earnings quintile, since their introduction.
Answer

Mr. Flight: To ask the Chancellor of the Exchequer if he will provide a breakdown of the take-up rate of ISAs by each earnings quintile, since their introduction. [9754] Ruth Kelly: Information by earnings quintile is not readily available. However, analysis from the 2000-01 NOP Financial Research Survey suggests that around a fifth of all ISAs and a quarter of mini cash ISAs are held by those earning less than £11,500 per year, compared with around one in five TESSAs and one in six PEPs.


Secondary information

Type
Written question
Reference
9754; 373 c378W
Session
2001-02
Subjects
Individual savings accounts Take-up
Link
View this Written question on www.publications.parliament.uk