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Martin Lewis has explained how UK households can put away £92,000 despite the announcement that tax-free Cash ISA limits are due to be cut.

Chancellor Rachel Reeves announced the changes in the Autumn Budget earlier this month, confirming the annual tax-free allowance would be slashed from £20,000 down to £12,000 in April 2027.

The remaining £8,000 was taken away from cash ISAs and moved into Stocks and Shares ISAs in a bid to get people investing in British businesses.

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Anyone 65 and over will not be impacted by the changes and will still be able to utilise the full allowance of £20,000 in cash ISAs.

Martin said: "The ISA limit is £20,000 and will remain at £20,000 even for under-65s after 2027,

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