If Cash ISAs are ended by Government.

jimexbox

caveman38 said:

Surely nothing can change for 25/26. March 26 is only a statement (isn't it) and a full budget with policy changes is not due till autumn. Are there exceptions?

If anything is announced, I can't see it taking effect until April 2026. So the government will get hammered for a year, before it even happens. Then it will have very little effect as retrospective taxation on current cash ISA's won't happen.

Even this lot with a low political aptitude can't be that stupid. Labour: "hold my cup"...

The_Green_Hornet

The right wing news outlets are suggesting that the government is considering cutting the Cash ISA allowance to £4,000.

Make of that what you will.

Albermarle

The_Green_Hornet said:

The right wing news outlets are suggesting that the government is considering cutting the Cash ISA allowance to £4,000.

Make of that what you will.

Most likely just a made up story used as clickbait.

jimjames

Albermarle said:

The_Green_Hornet said:

The right wing news outlets are suggesting that the government is considering cutting the Cash ISA allowance to £4,000.

Make of that what you will.

Most likely just a made up story used as clickbait.

Exactly. Even the initial story wasn't from anyone in government but floated by a city firm as a way to get more UK investment so rather unfair blaming the government for it.

m_c_s

Left wing rags have been reporting this for many days/weeks and even today the Guardian is following it's previous story from 2 weeks ago with another "click bait" cash ISA could be limited to £4000 story if you want to call it that.
I suppose because it doesn't suit one's own biased view of the world it best not be mentioned.

eskbanker

m_c_s said:

Left wing rags have been reporting this for many days/weeks and even today the Guardian is following it's previous story from 2 weeks ago with another "click bait" cash ISA could be limited to £4000 story if you want to call it that.
I suppose because it doesn't suit one's own biased view of the world it best not be mentioned.

To be fair, today's Guardian piece points the finger back at the Telegraph!

Senior City executives have had meetings with Reeves, and at the most recent there were discussions about possibly limiting the cash Isa allowance to £4,000 a year, the Telegraph reported.

https://www.theguardian.com/money/2025/feb/20/savings-providers-vow-to-fight-any-attempt-to-cut-cash-isa-limit

flaneurs_lobster

m_c_s said:

I suppose because it doesn't suit one's own biased view of the world it best not be mentioned.

Suppose WHAT isn't being mentioned?

The Guardian piece (not behind a firewall) is quoting a Telegraph article (behind a firewall) so the left-wing rag is actually making the content of the right-wing rag more accessible.

ZeroSum

But still no mention of IFISAs. So the fact they've not been mentioned probably means it's to be taken with a pinch of salt

Kim_13

I have long been in favour of a cut to £6,000 or £12,000, given it’s clearly madness to be able to save more tax free per year than you can actually earn. Either of those would make the limit divisible equally by 12, as Alistair Darling made a point of ensuring at one time. 

£4,000 would be going back to 2010 ish and not equally divisible, so hopefully that isn’t the number.

longwalks1

Apologies all, I did start a new thread on this subject as hadn't seen this one that was already active.  I guess its a case of wait and see, and reading the replies its possibly just a story that's been whipped up by both the left wing and the right wing media.
Will hold out and see.