Cash ISA cut to £12,000 scrapped: the £20,000 allowance stays
What’s happening
The cut announced in November 2025, which would have lowered the cash ISA allowance for people under 65 from £20,000 to £12,000 from April 6, 2027, was overturned in the October 28, 2026 Budget. The full £20,000 allowance stays for everyone, and the 2027 to 2028 tax year starts on April 6 with the limit unchanged.
What to do
Correct anything that quotes £12,000: benefits portals, onboarding packs and last year’s financial wellbeing materials. Then use the April pay rise as the moment to talk about saving. Read: Your lowest-paid UK staff get a 3.9% raise in April. Will any of it reach their savings?
How Workbliss can help
Workbliss financial wellbeing sessions explain changes like this in plain language, country by country.
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