Author: Richard Scott
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Budget 2026: Cash ISA limit stays at £20,000, but tax on savings interest is rising
The Chancellor has scrapped the planned cut to the cash ISA allowance, but tax on savings interest held outside an ISA will rise from April 2027. The cash ISA U-turn Last year’s Budget announced that, from April 2027, under-65s would only be able to pay £12,000 a year into a cash ISA. In the Budget…