How long would it take you to become an Isa millionaire?

The article examines how investors might build a million-pound Isa, a tax-free investment pot that can be accessed without the income tax that applies to pension withdrawals. More than 7,700 people had Isa portfolios worth at least £1 million in April 2024, up 50 per cent on the year before; the article says subsequent stock market gains could have pushed the total well into five figures.

It profiles Stephen Pavey, 75, whose investments include Isas, pensions and shares in an investment trust, and Lord Lee of Trafford, credited as the first Isa millionaire in 2003. Both advocate starting early, investing regularly, holding a diversified portfolio and staying invested through market rises and falls; the article also says it commissioned wealth manager JM Finn to calculate how Isa savings could grow.