Chancellor Rachel Reeves warned against slashing cash ISA allowance May 17, 2025 Finance chiefs have urged Rachel Reeves not to reform cash ISAs amid reports the Chancellor plans to slash the tax-free savings allowance. The Treasury is reportedly considering lowering the annual cash ISA allowance from £20,000 to £4,000, to encourage more people to put their money into investments, with Reeves looking for new sources of investment [...]
Why are Brits hoarding cash? May 15, 2025 Like Tolkein’s Gollum, Brits like to hoard their assets, opting for the security of cash over equity based investments. Barclays estimates that £430bn in investable funds—cash exceeding six months’ salary—are held in bank accounts rather than funnelled into the stock market. This begs the question: why are British investors so devoted to an asset which [...]
How Rachel Reeves could change the cash ISA May 12, 2025 News that Chancellor Rachel Reeves is preparing to launch a consultation on reforms to the ISA regime in the coming weeks has swept the City, re-kindling speculation of cuts to the cash ISA limit. In the Spring Statement earlier this year, Reeves confirmed that ISA reform was on the horizon, with changes to the regime [...]
How could the government reform ISAs? April 4, 2025 The Labour government confirmed plans to make changes to the ISA system at its recent Spring Statement, in a bid to promote a culture of retail investment in the UK. City figures have welcomed the prospect of ISA reforms, which appear likely to be introduced at the next fiscal statement in the Autumn. It remains [...]
Cash ISA: What are the alternatives? April 3, 2025 Rumours are growing over expected reforms to Cash ISAs, as the Treasury searches for ways to boost its coffers. Under the current ISA regime, savers can place up to £20,000 per tax year in a Cash ISA without paying any tax on the interest they earn. This threshold could be reduced to £4,000 under Labour’s [...]
Cash ISAs fall out of favour as investors flock to Stocks and Shares ISAs April 2, 2025 Cash ISAs are increasingly becoming unpopular with investors, while the number of Stocks and Shares ISAs has surged 57 per cent amid planned reforms to the investment wrapper. An analysis of HMRC data by Investengine revealed that new Cash ISA accounts have fallen seven per cent over the last five years, despite recently announced plans [...]
City calls for ISA reform to promote investment culture March 29, 2025 City AM spoke to experts who expect any changes to ISAs to be announced in this year’s Autumn Budget.
Almost 1 in 5 Brits never heard of Stocks and Shares ISA March 27, 2025 Almost one in five Brits have “never heard” of a Stocks and Shares ISA, while a quarter say that while they’ve heard of the UK investment wrapper, they don’t know anything about it. A survey on the struggles of ISA takeup has revealed that 17 per cent of UK adults had never heard of the [...]
Spring Statement 2025: City praises potential ISA reforms March 26, 2025 Chancellor Rachel Reeves confirmed in the Spring Statement that reforms to Individual Savings Accounts (ISAs) are on the horizon, a statement that has been welcomed by the investment industry in the City of London. “The government is looking at options for reforms to Individual Savings Accounts that get the balance right between cash and equities [...]
Cash ISA savers missing out on billions with low-interest accounts March 25, 2025 According to Paragon Bank research, millions of savers keep money in Cash ISA accounts paying two per cent or less. Figures from Paragon reveal that £54bn is held in such low-interest Cash ISAs. Cash ISAs remain hugely popular with savers as a low-risk option for their money, with any interest earned free of tax. Around [...]