Planned Cash ISA Reforms Delayed Until Autumn Budget

The UK government postpones potential changes to cash ISA allowances, giving savers another year under current rules.

The Treasury confirmed that no changes to cash ISAs will be announced in the Spring Statement on March 26, with reforms delayed until at least the Autumn Budget.
Proposals under consideration include reducing the annual tax-free cash ISA allowance from £20,000 to £4,000 to encourage investment in stocks and shares ISAs.
The government aims to strike a balance between cash savings and equity investments to boost the UK economy, despite concerns about stock market volatility.
Critics, including building societies, warn that reducing cash ISA allowances could penalize cautious savers and undermine first-time buyer lending.
Savers are advised to maximize their £20,000 annual cash ISA allowance before the April 5 deadline, as future changes remain uncertain.