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British taxpayers are potentially losing out on billions of pounds in interest by not making the mos...

British taxpayers are potentially losing out on billions of pounds in interest by not making the most of tax-free savings with a cash Isa. Only 11% of the UK adult population has taken out a cash Isa this year, according to research conducted by YouGov on behalf of Portman Building Society. With only six months to go until the end of the tax year, this implies 89% of UK adults are missing out on tax-free interest. YouGov surveyed 2,043 adults between 20 and 22 September 2005. We have calculated that, based on the fact there are 30.5 million UK taxpayers, just 17.5% or 5.17 million tax-pay...