After months of silence, chatter of a potential cut to the cash ISA allowance has returned.
Treasury insiders say chancellor Rachel Reeves is once again considering cutting the cash ISA limit in her upcoming Budget in a bid to get Brits to invest their cash in the stock market.
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On Monday, the UK also commemorated the centenary of the late Margaret Thatcher’s birth. Thatcher was one of the most influential UK prime ministers to ever govern the country, but her legacy is fiercely disputed.
Meanwhile, in international news, Japan made headlines this week as Sanae Takaichi, who has been styled as Japan’s very own “Iron Lady”, seems to be set to become the country’s first female prime minister – with potential ramifications for investors.
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Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
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Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
