Protect Cash ISAs

👏GOOD NEWS in today's Budget on Cash ISAs! As we welcomed John Healey’s decision today to hit pause on previous Chancellor Rachel Reeves’ move to slash the cap on Cash ISAs from £20,000 to £12,000, which we campaigned - alongside 45,000+ of you - against last year. His promise of a new ‘Starter ISA’ is one we’ll have to wait to see the details of but... here’s hoping the Treasury team will have taken some inspiration from our proposal for an ISA for public purpose 🤞; https://positivemoney.org/uk/update/reforming-isas-for-public-purpose/

After months of speculation, in last week's Budget Rachel Reeves opted to cut the tax-free allowance for Cash ISAs from £20,000 to £12,000.
We’re disappointed the Chancellor opted to listen to lobbyists over the electorate however, the initial proposal was to drop the allowance all the way down to £4,000, and an exemption was also made for over 65s, so while this may not be the result we hoped for, it's a clear sign of impact.

Read more in our Budget reaction blog: https://positivemoney.org/uk/update/autumn-budget-2025-banks-escape-and-lobbyists-celebrate/

Rumours have been revived this week that Rachel Reeves could slash the tax-free cap on cash ISAs at next month’s Budget.
No one should be forced to gamble their savings to help rake in *even more* profit for City bankers - don’t let them get away with it! Please reshare the petition now to help reach as many people as possible to tell the Chancellor to #SaveOurSavings
https://bsky.app/profile/positivemoneyuk.bsky.social/post/3m3ambafnac23

A win on Cash ISAs! ...for now.
Chancellor Rachel Reeves hit the brakes on plans to slash the tax-free cap on Cash ISAs in her Mansion House speech last night - a fantastic example of people power in action - but she didn't rule out reforms completely, so please keep sharing the petition to help keep up the pressure!
Read more in our latest blog: https://positivemoney.org/uk/update/a-win-on-cash-isas-for-now/