ISA review 'could start in weeks' - but will £20,000 tax-free allowance be slashed? - The Mirror

Rachel Reeves to launch massive ISA shake-up as pressure mounts to cut £20,000 tax-free allowance

Chancellor Rachel Reeves is preparing to launch a review of the ISA market within weeks, according to new reports.The move comes as pressure mounts to reform the current £20,000 tax-free allowance system.The review aims to encourage savers to channel more money from tax-free cash into British stocks.The Treasury consultation could be unveiled at Reeves' Mansion House speech to City executives in July, when the Government plans to publish its Fin…

ISA review 'could start in weeks' - but will £20,000 tax-free allowance be slashed? - The Mirror

The Financial Times reports that a Treasury paper could be launched within weeks and potentially at Reeves’ Mansion House speech to City executives in July

Treasury to launch ISA reform consultation — reports

The Treasury is set to launch a consultation on ISA reform in the coming weeks, according to a Financial Times report. ISA reform was first mooted in chancellor Rachel Reeves’ (pictured) Spring Statement, though detail was light with the government only committed to ‘look at options’ to improve the framework. However, the FT said the Treasury is preparing to launch a consultation which will gather industry feedback, with the government likely to…

How Rachel Reeves could change the cash ISA

News that Chancellor Rachel Reeves is preparing to launch a consultation on reforms to the ISA regime in the coming weeks has swept the City, re-kindling speculation of cuts to the cash ISA limit. In the Spring Statement earlier this year, Reeves confirmed that ISA reform was on the horizon, with changes to the regime expected to be announced in the Autumn Budget or July’s Mansion House speech. Pensions minister Torsten Bell recently pledged tha…