Chancellor Rachel Reeves has announced updates to the Individual Savings Account (ISA) system. While the overall £20,000 annual allowance remains unchanged, £8,000 of this will now be reserved specifically for investments.
However, savers over the age of 65 will continue to benefit from the full £20,000 cash ISA allowance.
Separately, she also highlighted that the UK’s net financial debt is set to reach £2.6 trillion this year, meaning roughly one in every £10 the government spends goes solely to paying interest on debt.
Stay tuned for more updates on
Autumn Budget 2025
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