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 [...]
Four tax reliefs to make the most of before 5 April March 14, 2025 Savers and investors have just a few weeks left to take advantage of their tax reliefs before the financial year ends on 5 April. Using these tax reliefs helps make the most of an uncertain political environment around wealth, with some tax allowances slashed in the 2024/25 year. These are four of the top tax [...]
Savers love Cash ISAs – but their safety comes at a price March 10, 2025 Savers love the safety of Cash ISAs, overwhelmingly preferring them to their riskier but more lucrative investment ISA rivals. Around 14.5m people now have a Cash ISA, compared to 4m with a Stocks and Shares ISA, according to figures from HM Revenue & Customs (HMRC). More on ISAs from City AM: However, according to savings experts [...]
Cash ISAs: Will Rachel Reeves bring in a ‘tax on savings’? February 24, 2025 The financial industry has split over whether Chancellor Rachel Reeves should be cracking down on cash ISAs to encourage investment. While Reeves has ruled out scrapping cash ISAs completely, the Treasury is currently mulling whether to bring the limit for them down to just £4,000 a year. Currently, investors have a tax-free allowance of £20,000 [...]
A guide to ISAs: The different options for savers February 24, 2025 An Individual Savings Account (ISA) is a tax-efficient way to save or invest. It allows you to earn interest or returns without paying income or capital gains tax. There are five different types of ISAs to suit various financial goals. Understanding the different options will help you choose the right one for your needs. 1. [...]