Nationwide Building Society have released a report stating that consumers in the UK throw away over £500 million a year that could be saved in an ISA and help aid their debt management plans.
The group revealed more than 60 per cent of Britons do not have an Isa, while many of those who do often fail to top up their account on a yearly basis.
A spokesperson for Nationwide commented that consumers need to wise up and stop lining the Chancellors pockets unnecessarily.