Two thirds plan to use their 2013/14 Isa allowance
Of them, nearly a half (47%) will use the full allowance of £11,520, and a quarter (24%) will use some of it.
Of the remaining third (29%) of readers who don't plan to save in an Isa in the soon-to-end 2013/14 tax year, most simply can't afford to.
Some 24% of readers said they didn't have enough spare cash lying around to pay into an Isa.
And 6% of readers admitted they wouldn't be saving into an Isa simply because they didn't understand how to use their allowance.
Meanwhile, analysis from fund management company Fidelity has revealed why some of its clients choose to invest in stocks and shares Isas.
It found 73% of savers with current equity Isas said they use them because they offer a better rate of return compared to cash. Two fifths (40%) said they wanted to take advantage of the current higher tax allowances available with stocks and shares Isas than with cash Isas.
The analysis has also revealed popular types of investment for this year's and next's stocks and shares Isa savers. For example, 68% said they'd be more likely to choose actively-managed funds this year compared to passive investments such as tracker funds.
Over the next year, Fidelity found 35% of stocks and shares Isa savers are likely to invest in equities, while 12% are keen to invest in fixed income. And 17% of savers are attracted to equity income funds.
And just under half said they'd be investing in the UK over the next year.
Tom Stevenson, investment director for Fidelity Personal Investing, said: "Savers are certainly looking more towards equities this year than bonds. As the global economic picture continues to improve, investors are feeling more confident – which often leads them back towards the stockmarket, and away from traditional 'safe haven' investments like bonds.
"There's also a real appetite for savers for equity income. Income remains in short supply in an environment of generally low interest rates across the world. It's encouraging to see that so many savers are aware of the benefits of reinvesting dividend income, as it is a major contributor to total returns over time."
This Sunday - 6 April - will be the first day of the new 2014/15 tax year when the cash Isa and stocks and shares Isa annual allowances will rise to £5,940 and £11,880. However, these limits will only last until 1 July because of the introduction of new Isas, or Nisas.
For the rest of the tax year, the total annual Nisa allowance will rise to £15,000 and savers can choose to hold whichever combination of cash and stocks and shares as they see fit.
Also known as index funds, tracker funds replicate the performance of a stockmarket index (such as the FTSE All Share Index) so they go up when the index goes up and down when it goes down. They can never return more than the index they track, but nor will they lose more than the index. Also, with no fund manager or expansive research and analysis to pay, tracker funds benefit from having lower charges than actively managed funds, with no initial charge and an annual charge of 0.5%.
There are limits to how much you can invest in any tax year. For 2011/12, the limit is £10,680. Of that, the maximum you can invest in cash is £5,340 and the balance of £5,340 can be invested in shares (individual company shares or investment funds). If you don’t take the cash ISA allowance, you can invest up to £10,680 into a stocks and shares ISA.
Invidivual Savings Accounts were introduced on 6 April 1999 to replace personal equity plans (PEPs) and tax-exempt special savings accounts (TESSAs) with one plan that covered both stockmarket and savings products, the returns from which are tax-exempt. The ISA is not in itself an investment product. Rather, it’s a tax-free “wrapper” in which you place investments and savings up to a specified annual allowance where the returns (capital growth, dividends, interest) are tax-exempt (you don’t have to declare ISAs and their contents on your tax return). However, any dividends are taxed within the investment, and that can’t be reclaimed.
An interchangeable term for shares (UK) or stocks (US). Holders of equity shares in a company are entitled to the earnings and assets of a company after all the prior charges and demands on the company’s capital (chiefly its debts and liabilities) have been settled. To have equity in any asset is to own a piece of it, so holders of shares in a company effectively own a piece proportionate to the number of shares they hold. (See also Shares).
If you own shares in a company, you’re entitled to a slice of the profits and these are paid as dividends on top of any capital growth in the shares’ value. The amount of the dividend is down to the board of directors (who can decide not to pay a dividend and reinvest any profits in the company) and they will be paid twice yearly (announced at the AGM and six months later as an interim). Dividends are always declared as a sum of money rather than a percentage of the share’s price. Although dividends automatically receive a 10% tax credit from HM Revenue & Customs (HMRC), which takes the company having already paid corporation tax on its profits into account. Dividends are classed as income and, as such, are liable for personal taxation and so shareholders have to declare them to HMRC.