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Cash ISA Limits Drop in 2027 | Sheffield News
Description
Big change coming next year for savers under 65: the tax-free cash ISA allowance is dropping from £20,000 to £12,000 starting April 2027. Pensioners are safe, but working-age folks need to act—those with over £10k in ISAs should plan ahead. The move aims to nudge people toward stocks and shares by penalizing cash held in investment accounts with a 22% charge. Still, you can still invest up to £8k in stocks and shares ISAs, while the overall ISA limit stays at £20,000. Review your strategy now before spring hits.
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