Cash ISA Allowance Cut to £12,000 From April 2027: How Under-65s, Over-65s and Stocks and Shares Savers Are Affected
From 6 April 2027 the Cash ISA allowance for under-65s falls to £12,000. Over-65s keep £20,000. The remaining £8,000 must go into investment-type ISAs. A 1 penny rule may let savers avoid a 22 percent charge on cash held in stocks and shares ISAs.