General · 12 August 2026

Cash ISA limit cut to £12,000 for under-65s from April 2027

Millions of savers under 65 will face new bank account rules from April 2027, as the annual cash ISA allowance drops from £20,000 to £12,000. The shake-up, initially unveiled by Rachel Reeves, is expected to proceed under the direction of Andy Burnham and the new Chancellor, John Healey. The alteration aims to stimulate economic growth through promoting increased investment in equities.

By BriefTea Editorial · 12 August 2026 at 9:19

Reported by Birmingham Live · How we write briefs

Get the app

Understand this story

What is a Cash ISA? Why are they changing the limit? Who is Andy Burnham?

More briefs

GeneralSouthern England declared in severe drought across six areas TechnologyTesla's new Roadster: 60 mph in under a second, thanks to SpaceX WorldTrump administration places new sanctions on 26 targets connected to Iran PoliticsChancellor John Healey plans to raise taxes on banks in the October budget BusinessLondon's top shares reach a seven-week high as investors buy safer British businesses GeneralHarry and Meghan visit Nottingham in their first joint public outing since returning More top stories → Browse all stories →