Isas

The UK government is set to launch a consultation in early 2026 regarding the future of the Lifetime ISA (LISA), signalling an intention to replace the current scheme with a new, simpler product aimed at first-time buyers. According to Budget 2025 documents, the move is designed to untangle the comp

Chancellor Rachel Reeves is set to reduce the annual cash ISA limit to £12,000 in Wednesday’s Budget, cutting the allowance from its current level of £20,000. The move is part of a broader government strategy to divert household savings into the UK stock market, following a period

Investors in new stocks & shares ISAs ramped up their contributions in the third quarter of 2025, according to data from Scottish Friendly. The data shows that contributions to new ISAs increased by 13% quarter-on-quarter in Q3, despite the ongoing squeeze on household finances.

Nearly half of millennials are willing to open a Junior ISA (JISA) to help give someone else’s child a financial foot up, according to research conducted by 3Gem on behalf Scottish Friendly. Meanwhile, the same research shows a continued rise in support amongst the UK public for reforming JISA

There is growing demand amongst Scottish parents for a shake-up of the Junior ISA (JISA) rules to allow members of the child’s extended family to open accounts for children, according to new research from Scottish Friendly. Under the current rules, only parents or legal guardians can open a JI

UK families are finding themselves caught between a growing desire to save and the harsh reality of the cost of living crisis, a new report has revealed. The 2025 Scottish Friendly Family Finance Tracker, an annual snapshot of the investing and savings habits of UK households, shows that despite a g

There has been a great deal of speculation about the Chancellor reforming ISA rules in her Mansion House Speech – although, late last week it emerged some of these may be put on hold. There are, nevertheless, good reasons to still look at the issue – not least to confront the UK’s

Chancellor Rachel Reeves has postponed proposed reductions to the tax-efficient cash ISA savings limit following concerted lobbying from banks, building societies, and consumer advocates. The UK government had been anticipated to reveal a significant cut to the current £20,000 annual allowance

Chancellor Rachel Reeves is anticipated to announce a significant overhaul of the UK's savings landscape in her Mansion House speech on 15 July, with plans to reduce the annual tax-free allowance for cash Individual Savings Accounts (ISAs). The move is part of a UK government strategy to encourage s

Scottish investors demonstrated a strong start to the year, with initial contributions to new individual savings accounts (ISAs) surging by an average of 19% in the first quarter of 2025 – the biggest quarterly rise of any UK region, according to Scottish Friendly.

Chancellor Rachel Reeves is set to initiate a review of the UK's Individual Savings Account (ISA) market within weeks, aiming to encourage savers to invest more in UK stocks rather than holding cash.

The UK government has confirmed it is looking to reform ISAs and potentially cut cash allowance, with a focus on balancing cash and equity investments. While Chancellor Rachel Reeves' Spring Statement avoided direct mention of ISAs, accompanying documents revealed plans for a consultation on the sav

Plans to overhaul cash Individual Savings Accounts (ISAs) will not be announced in the upcoming Spring Statement, despite ongoing UK government consideration of reducing the annual contribution limit.

City of London financial firms are lobbying the UK government to overhaul cash ISAs. Companies, including BlackRock and Phoenix Group, have urged Chancellor Rachel Reeves to either scrap or significantly reduce tax breaks on these accounts. Fidelity International proposes reducing the Cash Isa annua

Research by the Building Societies Association has shown that three-quarters (73%) of UK adults with Cash ISAs are against the UK government scrapping or reducing Cash ISAs. Only 8% were supportive, and the others didn’t have an opinion either way. It also highlights that the majority of