Budget, Cash ISA and Rachel Reeves
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benefit cap, Rachel Reeves and Budget
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What to do with your money after the Budget
Below, we speak to experts to find out what you can do to protect your money after the Budget. Reeves announced a cut to the cash ISA, from £20,000 to £12,000 for most people, apart from those over the age of 65 who will see the limit stay the same.
Changes to the allowances for cash ISAs have been widely reported to be reduced in the run up to today's Budget.
A SAVINGS expert has revealed how to protect your hard-earned cash from the Budget bombshell. Alex Sitaras, head of savings and partnership products at Skipton Building Society, shared his top
Autumn Budget 2025: Cash ISA allowance cut to £12,000 for under-65s and Lifetime ISAs to be replaced
“The upcoming changes underline the importance of people reviewing their savings, and we encourage everyone to put money away where possible. That includes making use of tax-free saving in cash ISAs when the new £12,000 allowance comes into force from April 2027,” she added.
Chancellor Rachel Reeves has confirmed rumours the cash Isa allowance will be reduced to £12,000 from £20,000 for those aged under-65.