Rachel Reeves considers cutting cash Isa limit to £4,000

Daily Express

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'Desperate Rachel Reeves will ‘slash Cash ISA limit to just £4,000' next month'

Chancellor Rachel Reeves has been nobbled by big City fund managers - and Cash ISA savers will suffer.

Birmingham Mail

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ISA tax-free allowance could be cut from £20,000 to £4,000 under shake-up

Chancellor is understood to be entertaining the idea of the dramatic cut to the ISA system.

The Telegraph

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Rachel Reeves considers cutting cash Isa limit to £4,000

Chancellor urged to reduce tax relief and steer savers to riskier investments

GB News

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Rachel Reeves floats ISA overhaul 'idea' as tax-free savings allowance could be CUT from £20k to £4k

The Motley Fool UK

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Worried about the future of the Cash ISA? Consider investing like this for potentially great returns

Speculation is rife that the Cash ISA is about to go undergo some significant surgery. There have been murmurs that these tax-efficient products could be scrapped altogether. There’s also talk that the £20,000 annual allowance could be trimmed back to just £4,000. Supporters of a radical overhaul believe it could ignite investment in higher-yielding assets like shares, boosting individuals’ retirement pots while giving a leg-up to the British …

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Rachel Reeves is considering reducing the cash ISA limit to £4,000.

Major savings providers have vowed to resist any attempts to reduce tax breaks on cash ISAs amid reports that the government is considering lowering the annual contribution limit from £20,000Read More...