Savings news in 2025
16 stories, newest first.
- November 2025
FSCS deposit protection limit rises to £120,000
The Prudential Regulation Authority has confirmed that FSCS deposit protection rises from £85,000 to £120,000 per person, per authorised firm, for firms failing on or after 1 December 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.
Help to Save made permanent and set for expansion
The Government has confirmed Help to Save will become permanently available to new savers and will be widened from April 2028 to all Universal Credit households receiving the child or carer's element.
- 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.
- September 2025
Share of savings accounts beating inflation falls to 49%
Which? analysis published on 22 September 2025 found the share of savings accounts paying rates above inflation fell from 80% in January to 49%, as UK Savings Week began.
- 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
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
Household saving ratio falls to 10.9% in Quarter 1 2025
The Office for National Statistics says the household saving ratio fell to 10.9% in the first quarter of 2025, down from 12.0%, as real household disposable income per head also declined.
- 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.
Help to Save eligibility expanded for Universal Credit claimants
From 6 April 2025, Universal Credit claimants earning £1 or more in their assessment period can open a Help to Save account, replacing the previous 16 hours a week earnings test.
Universal credit earned income condition substituted
The rules governing who qualifies for a Help to Save account on Universal Credit were changed from 6 April 2025, substituting the earned income condition in the 2018 regulations.
Resolution Foundation publishes Saving Penalties report on Universal Credit capital rules
The Resolution Foundation published Saving Penalties, a report on Universal Credit capital rules, estimating 2 million families had reduced entitlement because of savings thresholds.
- March 2025
PRA consults on raising FSCS deposit protection limit to £110,000
The Prudential Regulation Authority has proposed raising the FSCS deposit protection limit from £85,000 to £110,000 from 1 December 2025, with a higher limit for temporary high balances.
PRA consults on raising FSCS deposit protection limit from £85,000 to £110,000 and THB limit from £1 million to £1.4 million
The Prudential Regulation Authority has proposed raising FSCS deposit protection from £85,000 to £110,000 and the temporary high balance limit from £1 million to £1.4 million, both from 1 December 2025.