Cash ISA Allowance Cut Could Cost Top Savers Over £9,000 in Tax
Top-rate taxpayers aiming to save the full £20,000 annual cash ISA allowance after April 2027 could face tax bills of up to £9,349 over ten years, following changes announced in last week’s budget. Chancellor Rachel Reeves reduced the tax-free cash ISA allowance for savers under 65 from £20,000 to £12,000. The move, intended to encourage […]
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