Latest / Leicester News Today | 2 Min News | The Daily News Now!
Cash ISA Limits Drop April | Leicester News
The government’s cracking down on cash savings: starting April, anyone under 65 sees their cash ISA allowance slashed from £20k to £12k, forcing many to rethink strategy. While stocks and shares ISAs are encouraged, holding cash there triggers a 22% tax on interest — a major downside for anyone seeking growth. Pensioners stay untouched with their full £20k allowance. This move aims to close loopholes and push real investing — but the tax hit makes it tough to ignore. Time to get smart about where your money goes before the changes hit. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.