US EditionCash 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%.
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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
·Basildon, United Kingdom
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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
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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.
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