Tag: tax-free savings

UK Government Pledges to Protect Existing Cash ISA Balances Amid Possible Allowance Cuts
12 Jul

The UK government has promised that existing ISA balances remain tax-free and unaffected by any upcoming changes to ISA rules. While Chancellor Rachel Reeves may cut the Cash ISA allowance in July 2025, existing savings stay protected. Experts say policy shifts only impact future contributions, not current pots. Recent activity suggests savers are anxious about these changes.