Limit cut from £20,000 to £12,000 confirmed in Autumn Budget today
OBR estimates this will raise £900m a year from 2027/28 onwards
It will now serve more than 5,800 clients
Advisers report ‘widespread and sometimes extreme delays’
‘We’re working behind the scenes to prepare our systems’
The Money Market MPS invests in money market funds, cash, and ultra-short-dated bonds