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UK government mulls cutting cash ISA allowance from £20,000 to £4,000, financial expert warns.
Financial expert Martin Lewis has warned that the UK government is considering changes to the cash ISA system to encourage more investment.
The annual allowance for cash ISAs could be reduced from £20,000 to £4,000.
Lewis advises savers to review their accounts, as changes would affect future deposits but not existing savings.
The exact timing of any reforms is uncertain, with potential implementation ranging from immediate to early 2026.
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El gobierno del Reino Unido considera recortar la asignación ISA en efectivo de £ 20,000 a £ 4,000, advierte un experto financiero.