Which? Is your Isa allowance going to be cut by 80%?
Mar 20, 2025
Join Jenny Ross, the Money Editor at Which?, and Sarah Coles, Head of Personal Finance at Hargreaves Lansdown, as they dive into the buzzing concerns about potential cuts to your ISA allowance. They unravel the tax benefits of ISAs, providing tips to maximize your savings amidst rising interest rates. Learn the ins and outs of stocks and shares ISAs, including how to navigate investment platforms. Plus, they tackle common myths and offer essential consumer advice to help you make informed financial decisions.
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ISA Popularity and Proposed Cut
- ISAs offer tax-free savings and investments, making them popular.
- The proposed cut to the ISA allowance aims to encourage more investing.
ISA Tax Savings
- Consider your tax bracket when evaluating ISA benefits.
- Higher earners save more tax with ISAs due to larger tax bills.
Cash ISA Rates and Competition
- Cash ISA rates are now competitive with non-ISA accounts.
- The personal savings allowance makes non-ISAs appealing for basic-rate taxpayers.