Treasury Delays Cash ISA Reform Amid Ongoing Debate

Rachel Reeves confirms no changes to cash ISA limits in Spring Statement, with reforms now expected to be addressed in the Autumn Budget.

The UK government has postponed potential cash ISA reforms, ruling out changes in the upcoming Spring Statement scheduled for March 26, 2025.
Chancellor Rachel Reeves is considering reducing the annual cash ISA limit from £20,000 to £4,000 to encourage investment in stocks and shares ISAs.
Critics argue that such changes could penalize cautious savers and destabilize funding for loans provided by banks and building societies.
Reforms remain under review, with consultations expected to continue until the Autumn Budget, where a broader restructuring of ISAs may be proposed.
Financial experts advise savers to maximize their current £20,000 annual allowance before potential changes take effect in April 2026.