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

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How do equities stimulate growth? What are equities? What is a Cash ISA? Who is Andy Burnham?

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