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.
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