The most bought Stocks and Shares ISA funds in June 2023

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Archived article Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.

Discover which funds HL Stocks and Shares ISA investors were buying in June 2023.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

5 July 2023

HMRC figures released in June underlined the importance of ISAs. Looking at the annual savings figures, the number of people who opened an ISA in the 2021/22 tax year:

This visualisation uses dynamic bar charts to illustrate the rising proportion of women opening ISAs relative to men over time.

READ MORE ON THE LATEST HMRC ISA STATS

Importantly, taxes on savings and dividends will top £24 billion this year.

Rising interest rates mean more savers will have to pay tax on their interest. Expecting to total £6.6 billion – this is more than five times the figure two years ago.

The rest will be made up from taxes on dividends. After the government halved the annual tax-free dividend allowance to £1,000 from 6 April 2023, this is expected to climb to £17.6 billion this year.

It reminds us that taxes change