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Cash ISA Limits Drop April 2027 | Leeds News
Description
Big changes are coming for your savings starting April 27 — the cash ISA allowance drops from £20,000 to £12,000 for those under 65. The government’s pushing you toward stocks and shares ISAs to boost the economy, but beware: any cash sitting in a stocks and shares ISA will face a 22% tax on interest from April 6, 2027. Pensioners still get the full £20,000 limit. If you’ve been planning to max out your cash ISA, act fast — this could be your last chance before the rules change.
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