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Cash ISAs Get New Limits Starting April 2027 | Leeds News
Starting April 6, 2027, cash ISAs for those under 65 will be capped at £12,000—forcing the remaining £8,000 into stocks and shares. The government hopes this nudge toward investing will boost long-term wealth, while keeping the overall ISA allowance at £20,000. But critics warn it may confuse savers, pushing them toward regular bank accounts or Premium Bonds instead, and question why age-based rules complicate a once-simple savings tool. Tax authorities say they’re working with the industry to smooth implementation and reassure savers their tax-free status remains intact. Listen in…
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