ISAs Could Face Major Reforms as Key Threshold 'May Be Set for Change'

ISAs could face major reforms as key threshold 'may be set for change'

The government has reportedly discussed reducing one allowance to as low as £5,000

Savers shy away from equity ISAs

Atom Bank found that half of savers would move their money into another cash savings account, not an equity ISA, if a lower cap is introduced.

Major changes to ISAs 'could be announced in days'

The government has reportedly discussed reducing an ISA allowance to as low as £5,000 - which would be a significant drop from the current £20,000 limit