Quilter says Cash ISA limit cut offers little scope to boost investing
Bitget2026/10/28 14:41- Quilter urged investment incentives on October 28, 2026, as reports indicated the proposed Cash ISA limit cut would be reversed.
- The proposed reduction from £20,000 to £12,000 would do little to encourage investing, its analysis found.
- Cash accounted for 66.2% of ISA subscriptions in 2023/24. Cash ISA subscriptions rose £27.9 billion, or 67%, that year.
- An additional investment-only allowance above the £20,000 ISA limit could encourage investing, supported by better financial education.
- Abandoning the cut should also mean scrapping associated restrictions, including the proposed 22% charge on interest from cash within non-cash ISAs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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