‘Sucker punch’ for savers as annual cash Isa limit to be cut to £12,000

Financial services firms will be providing new easily navigable ways for people to find the right UK investment for them, the Government said (Gareth Fuller/PA) - (PA Archive)

The annual adult cash Isa subscription limit will be slashed to £12,000 from April 2027, in what one building society described as a “sucker punch” to savers.

In the Budget, the Government unveiled plans to reform the Isa system so that only over-65s will retain the full £20,000 annual cash Isa allowance.