Who wants to be an (ISA) millionaire? 

HMRC data shows that the number of ISA millionaires – people who have built up a tax-free pot of £1m or more by investing in stocks and shares ISAs – has almost quintupled since 2017, and now stands at 2,7601. 

The most recent statistics suggest around 11.8 million adults were subscribed to an ISA in the 2021/ 22 tax year, making £66.9bn deposits during the period. With ISAs first introduced in 1999, aimed at encouraging more people to save, the data certainly suggests the objective is being satisfied for an increasing number of people. 

1HMRC, 2023 

It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.