How do the upcoming ISA changes apply to over 65s?

How do the upcoming ISA changes apply to over 65s?

Investors are facing major changes to ISA rules from April 2027 as the government tries to foster a culture of investing in the UK.The reforms, as confirmed in the 2025 Autumn Budget by chancellor Rachel Reeves, will see a new annual cash ISA limit of £12,000, down from the current £20,000 ISA allowance, for under 65s. The £20,000 annual ISA allowance – which also covers stocks and shares, innovative finance ISAs and lifetime ISAs – will remain.…

Treasury finally confirms a 22 per cent tax on cash interest on Stocks and Shares ISAs

In a shocking turn of events, Rachel Reeves has confirmed the ISA tax that the Treasury previously deemed ‘nonsense’. From April 2027, savers could face a 22 per cent tax on interest earned from uninvested cash held in a Stocks and Shares ISA. What changes are being made to ISAs? The Autumn Budget confirmed several well-publicised ISA changes for the 2027/28 tax year. From April 2027, the overall tax-free ISA allowance will remain £20,000, but t…