New Cash ISA Rules Set to Hit Savers in One Age Group Hardest - Birmingham Live

New Cash ISA rules set to hit savers in one age group hardest - Birmingham Live

The typical cash ISA customer is a modest saver from a low to middle-income household, relying on traditional savings as they build towards, or manage their retirement.

Older savers with modest balances face hardest hit from Rachel Reeves

EXCLUSIVE: Chancellor is warned that her proposed move could cost pensioners their entire savings pot.

Proposed cash ISA allowance cuts could impact older savers most

Mooted changes to the £20,000-a-year tax-free allowance would have the biggest negative impact on ordinary savers, with older people left worse off and potentially pushed towards inappropriate higher-risk investments that could harm their life savings

Spring Statement: the magic of £9.9 billion

Stay informed with our latest news round-up: Has the Chancellor’s Spring Statement merely postponed the pain of tax increases until the Autumn Budget? Read to stay ahead of these important updates.