Cash ISA Limits Drop April | Leicester News

The government’s cracking down on cash savings: starting April, anyone under 65 sees their cash ISA allowance slashed from £20k to £12k, forcing many to rethink strategy. While stocks and shares ISAs are encouraged, holding cash there triggers a 22% tax on interest — a major downside for anyone seeking growth. Pensioners stay untouched with their full £20k allowance. This move aims to close loopholes and push real investing — but the tax hit makes it tough to ignore. Time to get smart about where your money goes before the changes hit. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/13f91f8b29582120