Reports Rachel Reeves will announce a cut to the cash ISA limit at her 15 July Mansion House speech. If true, I think it's a mistake...
Replies
The worst Labour Chancellor ever.
jul 2, 2025, 1:59 pm • 1 0 • view
Would your opinion be that we should get our £20k for this year's allowance in now, before the 15th?
jun 30, 2025, 9:59 pm • 0 0 • view
If she's that bothered about the removal of capital from the UK, she'll stop people extracting cash and putting it in tax havens. Simply amazing that UK residents having a rainy day fund stifles money flow, but plastic patriotic rich boys putting billions in tax havens doesn't.🙄
jun 30, 2025, 9:59 pm • 30 3 • view
A cut to what?
jun 30, 2025, 9:59 pm • 0 0 • view
I'd write to my MP complaining about this, but they never reply. A shameful excuse for a public official mine is, Labour of course.
jul 1, 2025, 6:44 pm • 0 0 • view
It is also a hidden tax increase for low and middle income earners. My savings is all I have to survive on until I get to state pension age, there is no way in hell I will risk it by investing, and having to claim benefits and move into a cardboard box if I lose it as a result.
jul 1, 2025, 9:32 am • 3 0 • view
This is incredibly short-sighted. I use my cash ISA to help save up for a home. If I put this money into a standard savings account, I'll be taxed more on my wages, meaning I'll have less to save each month.
jul 1, 2025, 12:16 pm • 2 0 • view
I have both but am very careful with my investments having lost during crashes in the past. My cash ISA is my rainy day money...or my kid's....or my sister's or......
jul 1, 2025, 6:17 am • 2 0 • view
Never mind, She'll be gone soon!😉
jun 30, 2025, 11:21 pm • 0 0 • view
It would be really helpful bringing some clarity to what is meant by ‘invest in UK firms’. When I buy a share in a UK firm the beneficiary is the owner of the share not the UK firm. Another beneficiary is the intermediary in the sale…
jul 1, 2025, 11:28 am • 1 0 • view
If I want to benefit the UK firm I need to be buying when the share is issued (e.g. IPO), but retail investment rarely has access to this market. Another way is buying commercial paper, but again is that accessible to retail? An explainer would be helpful.
jul 1, 2025, 11:28 am • 0 0 • view
Another potential glaring Labour misjudgement.
jun 30, 2025, 9:57 pm • 0 0 • view
Can something be "potential glaring"
jul 1, 2025, 12:23 am • 0 0 • view
Ha, they've not confirmed it yet, so it's "potential".
jul 1, 2025, 4:52 am • 0 0 • view
I would like to understand the numbers. How many people can actually afford to put the full £20k into cash ISAs and what impact the change will make. I expect it is more of a tax grab than push to invest, but it will be framed as such.
jun 30, 2025, 10:00 pm • 0 0 • view
Tax grab targeted at pensioners who want to reduce risk?
jul 1, 2025, 7:44 pm • 0 0 • view
L&G cash trust in an investment ISA. Better than a cash ISA? Probably.
jun 30, 2025, 9:58 pm • 0 0 • view
Everything is wrong, everything is a mistake, everyone thinks they can do it better. Getting pretty boring.
jun 30, 2025, 9:58 pm • 3 0 • view
Tax the ultra-rich, not the small savers.
jun 30, 2025, 9:56 pm • 24 0 • view
You're not going to like this but if you're saving 20k a year you would be in the rich bracket.
jun 30, 2025, 10:00 pm • 17 0 • view
Quite an assumption.
jul 1, 2025, 9:34 am • 0 0 • view
🤣😂
jun 30, 2025, 11:20 pm • 1 0 • view
Small compared to the super-rich.
jul 1, 2025, 5:16 pm • 0 0 • view
Last year I got 12K base income, 6K pension contributions, and 20K dividends that went into my ISA. Am I rich, now?
jul 1, 2025, 10:57 am • 0 0 • view
Attacking the little people again. Stupid or deliberately malicious?
jun 30, 2025, 11:20 pm • 0 0 • view
podcasts.apple.com/gb/podcast/w...
jun 30, 2025, 10:25 pm • 1 0 • view
Twisting herself in knots to raise revenue without touching main taxes or the super-rich, all while being battered by headwinds and demands for higher spending, both domestically and from belligerent leaders in the US and Russia.
jun 30, 2025, 9:58 pm • 9 0 • view
If only there was a respected figure with a financial background that presents a prime time TV show who could do a show on investing.
jul 1, 2025, 1:12 pm • 2 0 • view
“Chose to listen to the big investment companies” 🤣, big oil, big investment, big banks… - as if governments ever listen to the small guys 🤯
jul 1, 2025, 8:53 am • 0 0 • view
I think it will probably be a good thing because if you have the kind of savings to be affected by it, you’ll be incentivised to put a portion into the higher risk/reward stocks isa.
jul 4, 2025, 5:46 am • 0 0 • view
ChatGPT must be making an absolute mint out of her
jun 30, 2025, 10:07 pm • 0 0 • view
Poor people don't have savings. This is for the middle class, who are also now being squeezed by the wealth grab.
jun 30, 2025, 10:05 pm • 7 0 • view
Having savings doesn't mean you're not poor. My savings have their origin in an insurance payout after I became unable to work due to a work incident. I need my savings to stretch to state pension age. It is the only thing that keeps me from having to move into a cardboard box.
jul 1, 2025, 9:40 am • 2 0 • view
I think in your case, this is very different and I am glad that your savings allow you to be able to meet your daily requirements. Everyone deserves that.
jul 1, 2025, 10:19 am • 1 0 • view
Always the same. Middle earners gets fucked over in every direction and are entitled to nowt!
jun 30, 2025, 10:12 pm • 3 0 • view
All the financial problems the world faces come back to the same source, billionaires syphoning off money and resources from the general population. It accelerated under the Thatcher/Reagan Administrations and has been getting worse ever since.
jun 30, 2025, 10:16 pm • 9 1 • view
‘Middle earners’ don’t have £20,000 per year after tax, mortgage, utilities, food, insurance, holidays, children etc.
jul 1, 2025, 6:29 am • 0 0 • view
No, this is true. I almost went with "middle class" but I'm not sure that the old class categories are the same as when I did my GCSE Sociology.
jul 1, 2025, 7:03 am • 0 0 • view
Yeah this is a dumb idea, it won't even raise that much money.
jun 30, 2025, 9:57 pm • 0 0 • view
This is where those leading the government really don’t understand what life is like for people who scrape through on low incomes. It’s a comfortable middle-class view. If you’ve never had much money, you don’t want to risk precious hard-earned savings by buying shares that might even lose value.
jul 1, 2025, 9:15 am • 6 0 • view
What are the arguments for ISAs existing in the first place ?
jul 1, 2025, 6:36 am • 1 0 • view
Having a difference between the two ISA types is barking, because a) What about transferring between the two? I thought we were in favour of that? b) I'll just buy T-Bills anyway. My investments are mostly currently cashed out into money market funds : we're in an overvalued, volatile market.
jul 1, 2025, 8:25 am • 0 0 • view
Martin this is impossible to read for any blind users and very difficult for most people. Any chance of adding alt-text to the photo or just posting a normal thread?
jun 30, 2025, 9:58 pm • 2 0 • view
Restricting ISAs to stocks and shares doesn’t guarantee that the money will be invested in 1) British companies or 2) shares There are ETF money market funds that are just as effective as a variable rate cash ISA
jul 1, 2025, 7:13 am • 5 1 • view
Absolutely, the money I need in the next month- 2 years is in a cash ISA. I only put money into my S&S ISA that I don’t need short term. Reducing the cash ISA allowance is not going to encourage people like me to invest more. Cash ISA, S&S ISA different horses for different courses.
jul 1, 2025, 8:22 am • 1 0 • view
Exactly. If they really want to push savers to invest in UK companies then they’d be better off restricting where stocks and shares ISA’s can be invested. I suspect however that this would be massively unpopular amongst seasoned investors.
jul 1, 2025, 4:01 pm • 0 0 • view
www.justetf.com/uk/academy/m...
jul 1, 2025, 7:18 am • 1 0 • view
There's been "reports" claiming this for the last 9 months though, Why should this one be any different from the previous ones?
jun 30, 2025, 10:03 pm • 2 0 • view
The reversal on winter fuel and benefit cuts have happened meaning the self-imposed Labour black hole is getting bigger by the minutes. Backed into a corner Reeves thinks this is the easiest thing to target, plenty more to follow come the Budget.
jul 1, 2025, 8:15 am • 1 0 • view
Everything she’s done so far has been a mistake.
jun 30, 2025, 10:09 pm • 0 0 • view
A painful thought. It may prompt me to keep my cash under the bed rather than put it in an ISA. Saving for late life care should be encouraged, not penalised. It will not be a popular move if implemented, much along the lines of the winter fuel payment debacle.
jul 1, 2025, 6:30 am • 6 0 • view
If I put £1000 into an HSBC cash ISA, the bank doesn't stash it under its corporate mattress, it invests it in stocks and shares. And invests it better than I could do myself. Does Reeves really not understand this?
jun 30, 2025, 10:04 pm • 15 1 • view
You’re right it really just comes down to this one point (which in no way misses the point) and someone should explain it to Rachel and it’s that simple
jun 30, 2025, 11:20 pm • 2 0 • view
She might understand this just fine, and see it simply are a mechanism to raise more tax. Same as with freezing the personal allowance threshold, just tax increases by stealth...
jul 1, 2025, 9:37 am • 4 0 • view
She said she wouldnae.
jun 30, 2025, 10:03 pm • 1 0 • view
When did this government do anything for the good of the population?
jun 30, 2025, 9:58 pm • 0 0 • view
Today.
jul 2, 2025, 8:16 pm • 0 0 • view
Last week
jun 30, 2025, 10:04 pm • 4 0 • view
Whatever Reeves says Cash ISA's and ISA's in general give tax incentives to people with plenty of spare cash. They don't incentives or assist the poor to avoid debt or save. In a time of austerity giving tax incentives to wealthy people isn't good. Any yes, if you have £20k to invest you're wealthy
jul 1, 2025, 12:27 am • 3 0 • view
I don't have 20 grand to invest, I can't take the risk. I do have 20 grand to save though. And I'm suddenly King bleeding Midas?
jul 2, 2025, 5:31 pm • 1 0 • view
It is a huge mistake. I don’t invest, lost money in 2008. We are not wealthy, but Rachel has us in her sights. Again.
jul 1, 2025, 5:43 am • 2 0 • view
There’s no way I’d risk money on stocks and shares.
jul 3, 2025, 1:16 pm • 0 0 • view
Nooooooo
jul 1, 2025, 10:15 am • 0 0 • view
"reduction'd" 😞
jul 1, 2025, 9:53 am • 0 0 • view
Why not just stop ISA investments in non-UK IMA sectors? Reducing cash isa limits will reduce the amount of cash available for mortgages. Daft.
jun 30, 2025, 10:07 pm • 1 0 • view