The premium bonds system is a popular way for Brits to save (Image: inyourArea)

As the dust settles from the Government's Budget earlier this week, economists are analysing the implications and noticing a trend. One particular group of financially active Britons appears to be in the Chancellor's sights more than others.

The Chancellor announced that the cash ISA allowance for people under 65 will be reduced to £12,000 starting in 2027, with the aim of encouraging savers to instead invest in stocks and shares.

One popular savings method is investing in Premium Bonds, which allows individuals to deposit up to £50,000 with National Savings and Investments (NS&I). Instead of earning interest, investors have the chance to win tax-free prizes of up to £1 million. While we cover the

See Full Page