Cutting the cash Isa limit won't get more savers investing
If you had not heard already, change is coming for the cash Isa.
Alongside the budget in March, the government said that it would reform the Isa system to 'get the balance right' between cash savings and investing, and to 'boost the culture of retail investment'. In normal speak, they want to steer savers away from cash and into the stock market.
Behind the scenes, investment firms had been lobbying the chancellor, Rachel Reeves, to cap the cash Isa allowance. At the moment it's £20,000, but it is thought that this could be slashed to as little as £4,000 in a bid to make Britain a land of investors.
And it appears the wheels are in motion. It was reported last week that a review
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