Cash Chats UK Money & Personal Finance podcast 496 | 2025 Budget special: everything you need to know
Nov 26, 2025
Dive into the intricate details of the Labour Autumn budget, from a significant cut to the Cash ISA allowance to tax hikes on savings and dividends. Discover the expansion of the Help to Save scheme and the abolition of the two-child benefit cap. Learn about changes affecting pensions and properties, such as a new levy on homes over £2 million. Plus, explore cost-of-living measures set to ease energy bills and the introduction of a new EV tax. Get ready for a financial landscape shake-up!
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Cash ISA Allowance Cut To £12,000
- Andy Webb explains the cash ISA allowance will be cut from £20,000 to £12,000 for new cash contributions from April 2027.
- The change excludes previous ISA holdings and over-65s retain their existing allowance pending clarification.
Use Existing ISA Allowances Now
- Use your full £20,000 ISA allowance while you can by splitting £12,000 into cash and £8,000 into stocks and shares if that suits you.
- Continue using a Lifetime ISA for first-time buyer benefits until any replacement product is finalised.
Savings And Dividend Taxes Rise 2p
- From April 2026 savings and dividend taxes rise by 2p in the pound, raising basic-rate savings tax to 22%.
- Dividend rates also increase by 2p, affecting returns outside tax-free allowances.