ISA

Announcement to be part of chancellor’s July Mansion House speech

'A staggering £280bn sits in accounts that pay no interest at all'

‘A significant shift’ but not unprecedented

Just 20% have maxed out their allowance

Michael Summersgill wrote to the Treasury over Budget shake-up

Rise in maxed out allowances as Budget looms

Almost five years since Help to Buy ISAs were closed to new applicants

Some savers charged more than £11,000 over LISA withdrawals

‘Addresses growing adviser and client demand for cash options’

Majority have not seen any change in behaviour among their clients