Published • loading... • Updated
Cash ISA allowance for 2025 and how to make the most of the new tax year
- 35% of Brits do not have an ISA, and one in five young adults are unaware that ISAs exist, according to data from NatWest.
- The upcoming Spring Statement may reduce the Cash ISA allowance from £20,000 to £4,000 per year, industry reports indicate.
- Mo Watt from NatWest expressed concern about the lack of ISA understanding, especially among young adults who miss out on tax-free savings opportunities.
- Half of survey participants own at least one ISA, with London showing the highest ownership rate at 77%, while Wales has the lowest at 57%.
Insights by Ground AI
21 Articles
21 Articles
Basingstoke Gazette+14 Reposted by 14 other sources
Cash ISA allowance for 2025 and how to make the most of the new tax year
Many are unaware of the Cash ISA allowance 2025 - here's how to make the most of the new tax year
·Basingstoke, United Kingdom
Read Full Article
Why Cash ISAs Matter: Supporting Home Buyers
The debate about economic growth continues to dominate the political agenda ahead of the Spring Statement. As part of this, there has been a focus on Cash ISAs and the role they play in supporting the mortgage market and financial resilience.
·London, United Kingdom
Read Full Article
Alistair McQueen: Struggling in the lead-up to April 6? Blame the Romans
According to the Bank of England, about £50bn has been added to cash Isas alone in the 12 months to December 2024. That’s the most we’ve ever seen in a calendar year since the Isa was introduced in 1999. And the race to tax-year-end in April is still to come.
Coverage Details
Total News Sources21
Leaning Left0Leaning Right0Center17Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
