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Cash ISA Speculation

There has been a lot of speculation in the press recently about whether the Chancellor is considering changing the terms and conditions of cash ISAs. Where has the speculation come from?

Well, towards the end of January 2025 a number of big city firms met with the Chancellor. At that meeting the firms raised the idea that the almost £300billion held in cash ISAs could generate better returns for savers if invested in the stock market, whilst also supporting the UK’s equity markets. Since that meeting the Building Societies Association has put up an alternative announcement to the effect that savings in cash ISAs help to underpin the lending of monies for households and businesses.

So the press discussion has been driven by interested parties on both sides putting forward their ideas. To date the Government has made no comment either way on the ideas put forward. Whether the Chancellor takes the opportunity in the Spring Statement (on 26 March) to outline her thoughts on ISAs, remains to be seen.

If you are looking for advice on investments or if your situation has changed and you may therefore need to review your existing pensions or investments, contact Beckworth by using one of the links on our website.