The Importance of ISAs

There are around 27 million ISAs out there and apparently the moment 12 million people are contributing towards them. 41% of the money that the government loses in foregone tax revenue, 41% of that goes to the richest 10% of households - they also hold 29% of the total cash in ISAs as well. There's a growing call for ISAs to be reformed but I'm just not sure by taking away benefits from wealthy people we're going to necessarily save any money. What do you think? Share your views with us on iReport.