Martin Lewis warning about ISA £12,000 rule changes for anyone under 65 View 2 Images

Martin Lewis has outlined a significant change affecting anyone under 65 who holds cash ISAs. The personal finance expert revealed that new regulations introduced by Chancellor Rachel Reeves will substantially impact how much money individuals can deposit into these popular savings accounts.

At present, people can contribute up to £20,000 annually into the account without facing tax on any interest earned. Nevertheless, in last week's Budget, Ms Reeves altered the regulations for anyone under 65.

Mr Lewis explained: "There are big changes coming to savings. All of these happen in April 2027. The big one is that the cash ISA threshold will be cut from you being allowed to put in £20,000 per tax year t

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