No cash ISA shake-up in spring statement, but Reeves still considering cuts
Reduction in maximum amount from £20,000 to £4,000 understood to be longer-term aim for chancellorA mooted shake-up of cash Isas will not be announced in the spring statement this month, but the government is still considering the possibility of cutting the maximum amount people can put into them, it has emerged.In recent weeks a row has broken out over whether ministers should scale back tax breaks on the popular savings accounts in order to encourage a shift from cash into stock market-based investments. Continue reading...
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Reduction in maximum amount from £20,000 to £4,000 understood to be longer-term aim for chancellor
A mooted shake-up of cash Isas will not be announced in the spring statement this month, but the government is still considering the possibility of cutting the maximum amount people can put into them, it has emerged.
In recent weeks a row has broken out over whether ministers should scale back tax breaks on the popular savings accounts in order to encourage a shift from cash into stock market-based investments. Continue reading...
