The Investing and Saving Alliance (TISA) CEO Carol Knight has called on the government to clarify its commitment to the full tax-free ISA allowance, including whether the £20,000 limit specifically applies to Cash ISAs, following recent comments made by the chancellor.
In a BBC interview on 20 May, the chancellor Rachel Reeves reaffirmed the government's pledge to maintain the £20,000 tax-free ISA allowance, but did not specify if the commitment includes maintaining the Cash ISA limit at its current level. This lack of detail has sparked concern among some industry stakeholders about the future shape of the ISA landscape. Knight said the chancellor's statement has generated "a lot of coverage," but underscored the importance of confirming that the full £20,000 limit will remain intact for Cash ISAs in particular. "It is vital that those of us who wa...
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