§ Dr. CableTo ask the Chancellor of the Exchequer what increase there has been in the number of ISA holders who are(a) standard rate taxpayers and (b) higher rate taxpayers, over personal equity plan holders, since the introduction of ISAs. [6368]
§ Ruth KellyThe table compares the number of ISA accounts of all kinds subscribed to in each of the first two years with the number of PEP plans taken out in their final year, 1998–99:
Thousand 1998–99 PEP General Plans taken out 3,860 PEP Single Company Plans taken out 760 1999–2000 Mini ISAs Stocks and Shares 1,278 Cash 4,591 Life Insurance 116 Maxi ISAs 3,293 2000–01 Mini ISAs Stocks and Shares 1,623 Cash 6,017 Life Insurance 218 Maxi ISAs 3,401 The information on number of holders analysed by marginal rate is not yet available. However, from the account numbers detailed it can be deduced that at most 4.6 million people subscribed to PEPs in 1998–99 and at least 9.4 million people subscribed to an ISA of some kind in 2000–01.