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flag UK government mulls cutting cash ISA allowance from £20,000 to £4,000, financial expert warns.

flag Financial expert Martin Lewis has warned that the UK government is considering changes to the cash ISA system to encourage more investment. flag The annual allowance for cash ISAs could be reduced from £20,000 to £4,000. flag Lewis advises savers to review their accounts, as changes would affect future deposits but not existing savings. flag The exact timing of any reforms is uncertain, with potential implementation ranging from immediate to early 2026.

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