ISAs news
37 stories on isas, newest first. Every story is dated and cites its sources.
- September 2026
Tax information and impact note published on cash ISA limit reduction
HMRC has published a tax information and impact note on reducing the annual cash ISA subscription limit to £12,000 for under-65s from 6 April 2027, with the limit for those aged 65 and over unchanged.
- August 2026
Consultation on ISA Amendment Regulations 2026 closes
A technical consultation on draft regulations to cut the Cash ISA subscription limit for under-65s to £12,000 from April 2027 closed at 11:59pm on 2 August 2026, with HMRC now analysing responses.
- July 2026
Draft ISA amendment regulations published for consultation
Draft regulations published on 16 July 2026 would cap cash ISA subscriptions at £12,000 for under-65s from 6 April 2027 and tax interest on cash held inside stocks and shares and innovative finance ISAs.
- June 2026
Technical consultation on the draft ISA amending legislation opens
HMRC has opened a technical consultation on draft regulations that will cut the annual Cash ISA limit to £12,000 for under-65s from 6 April 2027, alongside new anti-circumvention rules.
Technical consultation opens on draft ISA Amendment Regulations 2026
HMRC has opened a technical consultation on draft regulations that would cut the annual Cash ISA subscription limit for under-65s to £12,000 from 6 April 2027, with the consultation running to 2 August 2026.
Government announces anti-circumvention rules for reduced cash ISA limit
The government has set out anti-circumvention rules to support the reduced £12,000 cash ISA limit for under-65s from April 2027, including transfer restrictions and a 22% charge on interest on cash held in non-cash ISAs.
Government launches First Time Buyer ISA consultation
HM Treasury has opened a consultation on a new, simpler ISA for first time buyers that would replace the Lifetime ISA, with responses accepted until 18 August 2026.
- April 2026
ISA amendment regulations 2026 changes take effect
Amendments to the Individual Savings Account Regulations 1998 took effect on 6 April 2026, changing which investments qualify for stocks and shares, Junior and Innovative Finance ISAs.
Long Term Asset Funds to be permitted in Stocks & Shares ISAs from April 2026
Long Term Asset Funds will be permitted in Stocks and Shares ISAs from 6 April 2026 under regulations made in March, while UK cryptoasset exchange traded notes move to Innovative Finance ISAs.
LTAFs become eligible for stocks and shares ISAs and Junior ISAs and lose IFISA eligibility
From 6 April 2026 Long Term Asset Funds can be held in stocks and shares ISAs and Junior ISAs but lose their Innovative Finance ISA eligibility, while cryptoasset exchange traded notes move the other way.
- March 2026
Treasury correspondence on proposed ISA changes published
The Economic Secretary to the Treasury wrote to the Chair of the Treasury Committee on 30 March 2026 about proposed changes to ISAs, with the correspondence published on 15 April 2026.
ISA amendment regulations laid before the House of Commons
The Treasury laid regulations before the House of Commons on 10th March 2026 changing which investments individual savings accounts may hold, with effect from 6th April 2026.
Hargreaves Lansdown to reprice its platform fees
Hargreaves Lansdown's new platform pricing plan takes effect on 1 March 2026, with rival interactive investor reporting a jump in transfers in from the platform.
- February 2026
Nationwide cuts variable-rate savings rates by up to 0.25 percentage points
Nationwide cut rates across its variable-rate savings products, including instant-access and Isa accounts, by up to 0.25 percentage points from 10 February 2026, as average savings rates continued to fall.
- November 2025
Autumn Budget 2025 announces tax-free savings changes
The Autumn Budget on 26 November 2025 held the £20,000 ISA allowance until April 2031 but set a £12,000 cash ISA limit for under-65s from April 2027 and raised savings tax rates.
Autumn Budget 2025 announces Cash ISA allowance reduction from April 2027
The government has confirmed that from 6 April 2027 the Cash ISA allowance for under-65s will be £12,000, with anti-circumvention rules covering transfers, cash-like assets and interest on cash held in non Cash ISAs.
- October 2025
Treasury Committee publishes report recommending no cut to Cash ISA limit
The Treasury Committee has told the Government not to cut the Cash ISA limit, concluding that a lower allowance is unlikely to move significant sums from cash savings into investments.
BSA publishes Budget submission warning against Cash ISA limit cuts
The Building Societies Association has told the Treasury that cutting the annual Cash ISA limit would penalise savers and could reduce mortgage lending and economic output.
- August 2025
Interest rate changes to on-sale and off-sale savings accounts
Santander cut rates on a range of ISAs and easy access savings accounts on 11 August 2025, with further reductions to base rate linked accounts following on 2 September 2025.
- July 2025
ISA and CTF rule changes take effect for recognised funds, LTAFs and flexible ISAs
Rules covering Child Trust Funds, recognised funds, Long Term Asset Funds and flexible ISAs took effect on 15 July 2025, with separate National Insurance number requirements for ISA investors following in 2027.
Most ISA amendment provisions come into force
Most provisions of the Individual Savings Account (Amendment) Regulations 2025 came into force on 15th July 2025, changing ISA subscription, withdrawal and investment rules, with one measure deferred to April 2027.
Open letter urges Chancellor to maintain Cash ISA allowance
More than 50 building societies, trade associations and financial firms wrote to the Chancellor on 9 July 2025 urging the Government to keep the current Cash ISA allowance.
- June 2025
ISA Regulations amended to allow long-term asset funds in innovative finance ISAs and tighten subscription rules
The Treasury has amended the ISA Regulations 2025 to add long-term asset funds to innovative finance ISAs, require national insurance information before subscriptions and tighten replacement subscription rules.
- April 2025
Resolution Foundation publishes report on Universal Credit capital rules
The Resolution Foundation has published a report arguing that Universal Credit capital rules, frozen since 2006, should be indexed from April 2026 and that Help to Save and Lifetime ISA savings should be disregarded.
ISA allowance levels for the 2025/2026 tax year
The adult ISA allowance stays at £20,000 and the Junior ISA allowance at £9,000 for 2026/27, but from April 2027 under-65s will face a £12,000 cap on cash ISA deposits.
- March 2025
Government states it is looking at ISA reform options in Spring Statement 2025
The Government said in its Spring Statement 2025 that it was looking at ISA reform options to balance cash and equities, as a Treasury Committee report set out the arguments for and against cutting the Cash ISA allowance.
- October 2024
Publication of ISA and Child Trust Fund (Amendment No 2) Regulations 2024 tax information and impact note
HM Revenue and Customs has published a tax information and impact note on rules for fractional shares in ISAs and Child Trust Funds, National Insurance number checks on new ISA applications and ISA transfers.
- April 2024
New ISA year begins with £20,000 allowance as Resolution Foundation publishes Spotlight on ISA costs and effectiveness
The Resolution Foundation marks the start of the new ISA year with analysis putting the cost of ISA tax relief at £6.7 billion in 2023-24 and questioning whether the policy raises saving.
ISA account opening age harmonised at 18 with transitional protections for younger investors
The Individual Savings Account (Amendment) Regulations 2024 raised the minimum age for holding a cash ISA from 16 to 18 from 6 April 2024, with transitional protection for existing younger holders.
- March 2024
Legal & General closes Investment Accounts and Stocks & Shares ISAs
Legal & General closed its Investment Accounts and Stocks & Shares ISAs on 4 March 2024, telling holders who have not heard from it to get in touch to discuss their options.