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UK Cash ISA Limits Drop April 27 | Leicester News
Description
Starting April 27, UK savers under 65 face a major shift: cash ISA limits drop from £20,000 to £12,000, forcing the rest into stocks and shares ISAs—where interest is taxed at 22%. The move, aimed at boosting investment and the economy, leaves pensioners untouched with their full £20,000 allowance. It’s a bold policy designed to curb cash hoarding in tax-free accounts and push people toward riskier, higher-return investments.
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