Cash ISA Limit Slashed to £12,000 for Under‑65s in 2025 Budget – What It Means for Your Savings
From April 2027, working‑age savers will only be able to shelter £12,000 a year in cash ISAs, while pensioners keep the full £20,000 cash allowance. Here’s the full picture, the politics – and what you can do now. London, 27 November 2025 – Yesterday’s Autumn Budget from Chancellor Rachel Reeves confirmed one of the most closely watched changes in UK personal finance: a cut to the tax‑free cash ISA limit for under‑65s from £20,000 to £12,000 a year from April 2027. Those aged 65 and over will still be allowed to put the full £20,000 into cash. MoneySavingExpert.com+2Reuters+2 The overall