Women ‘less likely than men to be using tax-efficient ways to save’
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Women are more likely than men to be holding their long-term nest eggs in a savings account instead of a tax-efficient Isa or pension, research indicates. Nearly half of women are holding money intended for the long term in a savings account, instead of a pension or Isa, compared with 39% of men, according to Scottish Friendly’s Family Finance Tracker. Kevin Brown, a savings specialist at investments organisation Scottish Friendly, said it would be a “travesty” if women “lose out on further building up their hard-earned savings through tax-efficient wrappers and jeopardising future plans as rate cuts start biting”.
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