Plans to cut cash Isa tax-free allowance on hold
153d ago
Business
BBC Business
Proposed plans to reduce the tax-free allowance for Cash ISAs have been placed on hold. Recent reports suggested the Chancellor was considering lowering the current £20,000 limit. However, sources indicate that these plans are currently not being pursued. This decision will likely be welcomed by savers who rely on the tax benefits of ISAs. The future of the allowance remains uncertain, pending further economic assessment and policy decisions.