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Cash ISA Limit Has Been Slashed by £8,000 - Except for over 65s

The £8,000 reduction aims to shift savers toward stocks, shares, and pensions while cash ISA deposits spiked 49% before the limit cut, providers reported.

Summary by Sky News UK
In a bid to increase spending and boost the economy, Rachel Reeves has slashed the tax-free cash ISA by £8,000 in today's budget. If you're under 65, here's how it could impact your savings.

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The Independent broke the news in London, United Kingdom on Tuesday, November 25, 2025.
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