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Chancellor Retains £20,000 ISA Limit Amid Strong Opposition

5/20/2025

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Summary

Story summary

Chancellor Rachel Reeves has decided to keep the annual ISA limit at £20,000, scrapping plans to slash it to £4,000 after strong opposition from banks. This move not only safeguards cash ISAs but also promotes equity investments. A comprehensive consultation on ISA reforms is set to begin soon, aiming to enhance returns for savers.

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Story summary

Chancellor Rachel Reeves has decided to keep the annual ISA limit at £20,000, scrapping plans to slash it to £4,000 after strong opposition from banks. This move not only safeguards cash ISAs but also promotes equity investments. A comprehensive consultation on ISA reforms is set to begin soon, aiming to enhance returns for savers.