# ISA Millionaires Hit Record High

> Record 7,730 UK ISA millionaires reached in 2023/24 tax year.
- Title: ISA Millionaires Hit Record High · MoneyWeek | Shortify
- Summary: Record 7,730 UK ISA millionaires reached in 2023/24 tax year. The UK recorded 7,730 ISA millionaires in 2023/24, a 50% increase from 5,070 in 2022/23.
- Keywords: isa, isa millionaire, plum, hmrc, stocks and shares isa, tax year, Millionaires, Hit, Record, High, MoneyWeek
- Source: MoneyWeek — https://moneyweek.com/personal-finance/stocks-and-shares-isas/isa-millionaires-new-record-high-how-to-become-one
- Published: 2026-10-14T09:44:04+00:00
- Read time: 1 min
- Topics: isa, isa millionaire, plum, hmrc, stocks and shares isa, tax year
## Record ISA Millionaires
The number of isa millionaires hit a record high of 7,730 in the 2023/24 tax year.
## 50% Increase from Previous Year
This represents a more than 50% increase from 5,070 isa millionaires in the 2022/23 tax year.
## Average Account Value
The average isa millionaire now holds a pot worth £1,348,000, nearly the same as the previous year.
## Plum Director's View
Will Bryant, director of wealth strategy at plum, said patient investing drove this growth.

> A jump of more than 50% in a single year is really telling
## Multi-Millionaire Breakdown
320 isa millionaires hold between £2 million and £3 million, 40 between £3 million and £4 million, and 60 over £4 million.
## Tax Advantages
Isa accounts shield investments from capital gains tax and dividend tax, allowing tax-free growth.
## How to Become One
Starting with £20,000 annual contributions and 7% annual returns could reach £1 million in 22 years.
## Key takeaway

The UK recorded 7,730 ISA millionaires in 2023/24, a 50% increase from 5,070 in 2022/23.