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Cash ISA limit reduction: The annual contribution limit for Cash ISAs will be cut from £20,000 to £12,000 for individuals under the age of 65. This new restriction is scheduled to come into effect starting from April 6, 2027.

Exemption for older savers: Martin Lewis secured a significant "carve out" in the policy, noting the overall change "isn't as bad as it could've been." This exemption prevents older savers from being unfairly penalised by the government's investment drive.

The age 65+ rule: The rule ensures that individuals aged 65 or older will retain the full £20,000 Cash ISA allowance and will not have their contribution limit cut. Lewis argued that cutting the limit for older people—who are less likely to invest—would have been a "perverse policy."

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