WOMEN WHO INVEST COULD DOUBLE THEIR RETURNS AND REACH THEIR PROPERTY, EDUCATION OR RETIREMENT GOALS FASTER
Those who invested in a stocks and shares ISA 15 years ago could have enjoyed gains of almost double that experienced by individuals leaving money in cash over the same period.* However, with almost half of women still preferring to save in cash, those who have saved diligently may have had to wave good-bye to meeting those long-term life goals.
These findings are backed up by figures released from HM Revenue & Customs (HMRC) showing the UK’s latest ISA sales with the numbers reflecting that more women subscribed to cash ISAs in 2015-2016 (5,193 compared to 4,379), while more men subscribed to stocks and shares ISAs (1,101 to 892).**
Analysis based on the full ISA allowance invested in the FTSE All Share over average cash savings rates over 5, 10 and 15 years, show the cost of cash [table below]. By taking the plunge and investing in the stock market, women (and men) can reach their financial goals sooner, whether that’s building up a deposit for a first home, paying school fees or saving for retirement.