Idea
UK Autumn Budget 2025: Update on Cash ISA Allowances
by
iFAST Global Bank
As part of the Autumn Budget 2025, Chancellor Rachel Reeves has announced changes to Cash ISA rules.
From 6 April 2027, the annual allowance for Cash ISAs will be reduced from £20,000 to £12,000 for individuals under 65.
The overall ISA allowance remains at £20,000, but under-65 savers will only be able to place £12,000 of this into a Cash ISA.
Individuals aged 65 or over will continue to have access to enjoy the full £20,000 Cash ISA limit.
You can read the full Budget 2025 (HTML) - GOV.UK announcement directly on GOV.UK.
Flexible Cash ISA with iFAST Global Bank
Whether you already hold a Flexible Cash ISA with iFAST Global Bank or are considering opening one, our product continues to offer:
3.25% AER (variable) - interest paid monthly
Instant access to your savings
Flexible withdrawals, with the ability to re-deposit without reducing your ISA allowance
Our Flexible Cash ISA is designed to work around your needs with tax-free interest, instant access to your money and freedom to withdraw and re-deposit at any time.
You can top up your existing ISA from your Multi-Currency Current Account or open a new one in just minutes via our mobile app or web portal, and start from as little as £1.
Top up your ISA today and make your money work harder for you.
For UK residents only. Terms and conditions apply.
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iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).
iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.
Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.
