ISA cut could see 2 million people paying more tax on their savings

30 November 2025

The Chancellor’s decision to cut the cash ISA allowance from £20,000 to £12,000 is set to impact millions, says InvestEngine. New analysis by the firm shows 7.1 million people saved into a cash ISA in 2022/23, with just over two million saving over the new £12,000 limit. These two million savers will now face...