Treasury confirms scrapping of Lifetime ISA but industry questions remain Personal Finance The government has confirmed it is replacing the hotly debated Lifetime ISA with a new product aimed solely at first time buyers, but industry figures are questioning the new framework. In a consultation published on Tuesday, the government confirmed the new product, dubbed the ‘First Time Buyer ISA’, (FTB ISA) will only be available to [...]
Non-cash ISA understanding low despite government push Personal Finance UK savers understanding of non-cash ISA products, is lower than its cash counterpart, reflecting the lack of knowledge surrounding options despite the government push to move Brits away from cash. According to the latest analysis from investment platform Robinhood, just under half of investors confirmed having minimal knowledge of how stocks and shares ISAs work, [...]
Should you consider Junior ISAs for your kids? Personal Finance The end of the tax year is creeping closer, concentrating the minds of UK savers and investors on the hunt for the best deal. While most of the noise surrounding the 5 April deadline centres on securing the most favourable interest rates on cash ISAs and finding stocks and shares ISA with the lowest fees, [...]
Retirement option to be scrapped in overhaul of Lifetime ISA January 28, 2026 The government is set to scrap the option to save for retirement in its replacement for the Lifetime ISA. The new savings product will only be available for first time buyers and will no longer pay the government’s 25 per cent bonus on a monthly basis, as part of the Treasury’s bid to simplify the [...]
Ask the expert: I’m a higher rate taxpayer. Where can I save that won’t result in a big tax bill? January 22, 2026 Fidelity International personal finance specialist, Marianna Hunt, helps a taxpayer looking to lower their tax bill. Q: I’m a higher rate tax payer and likely to become an additional rate taxpayer. I currently hold both a cash and stocks and shares ISA. I also have Premium Bonds and a healthy amount in pensions. Where can [...]
Young people seek to boost savings to offset cost of living squeeze January 13, 2026 Young people are seeking to save more money in 2026, as the cost of living crisis focuses minds on careful financial management. According to the latest City AM polling from Freshwater strategy, over half of Britons are aiming to save money, but a staggering 70 per cent of 18 to 34 year olds are prioritising [...]
Autumn Budget Live: Wealthy, landlords and pensions hit in £26bn tax raid November 26, 2025 Welcome back to the City AM liveblog. In a shocking turn of events the UK fiscal watchdog has accidentally released the economic forecasts – intended to be published after the Budget – before the Chancellor even took to the despatch box. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on [...]
Rachel Reeves set to cut cash ISA limit to £12,000 November 24, 2025 Savers are facing a major policy shake-up at the forthcoming Budget as Chancellor Rachel Reeves is reportedly planning to slash the annual cash ISA ceiling to £12,00 in a bid to encourage increased investment in stocks instead of hoarding cash. People close to preparations for Wednesday’s Budget said Reeves had decided to reduce the limit [...]
The London LISA problem November 19, 2025 ISAs are set for a starring role in next week’s Budget as Chancellor Rachel Reeves searches for ways to kickstart economic growth. The Treasury is reportedly mulling a slash to the cash ISA ceiling from £20,000 to £10,000 to stop Brits hoarding cash, and encourage investment into domestic stocks. Dividends are also potentially in the [...]
Brokers and building societies butt heads over cash ISA cut November 6, 2025 Top brokers and building societies have locked horns over whether the Chancellor should follow through with rumoured plans to slash the cash ISA limit. London-based trading platform IG is pushing for Chancellor Rachel Reeves to act on rumours to slash the cash ISA allowance to £10,000, after analysis found it could provide a £7.2bn boost [...]