Measures that will mean higher tax bills for millions of savers and investors were unveiled by the chancellor as part of her budget statement .

Alongside two widely trailed measures – cutting the maximum that can be put into a cash Isa each year and clamping down on salary sacrifice pension schemes – were two surprises: an exemption from the new Isa rules for those over 65, and an increase in income tax on savings interest and property and share dividend income. Budget 2025: key points at a glance Read more

The chancellor announced a shake-up of tax-efficient individual savings accounts (Isas), which the Treasury claimed would “drive better returns for savers, and incentivise investment”.

Reeves has kept the overall maximum that people can put in Isas at £20,000 a year, but, as ex

See Full Page