Half as many women as men hold investment Isas

The head of the UK division at research firm CoreData said bringing women’s Isa subscriptions in line with men’s could inject an extra £8.8bn into the sector, based on a woman’s average savings pot of £2,500.

At present, 41 per cent of men invest in a stocks and shares Isa, compared to just 21.6 per cent of women.

Ms Spiteri Paris said women could be missing out on an average return of £900 per annum as a result.

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She said: “The low ownership of investment Isas among women has been down to lower levels of perceived investment knowledge, less engagement with financial affairs and a more risk-averse attitude towards investment.”

Adviser view

Mark Hoskin, partner at London-based Holden & Partners said: “Our clients often have one lead partner and usually it’s the husband. However, we recommend that both partners use their Isa allowance as a matter of course.”