Martin lewis warns savers to 'read between the lines' on isa changes

THE LABOUR CHANCELLOR HAD BEEN EXPECTED TO ANNOUNCE A CUT IN THE AMOUNT THAT CAN BE SAVED IN A CASH ISA TO £4,000 A YEAR, BUT WAS FORCED TO DENY SUCH A MOVE THIS WEEK WILLIAM MORGAN Reporter

04:08, 21 May 2025 Labour has been eyeing up ways to nudge savers towards the stock market, with Treasury ministers concerned about "Hundreds of billions of pounds in Cash ISAs"

being siphoned away from the London Stock Exchange. Shadow Chancellor Reeves told the BBC on Tuesday: "I'm not going to reduce the limit of what people can put into an Isa, but I

do want people to get better returns on their savings, whether that's in a pension or in their day-to-day savings." Yet, Martin Lewis, the founder of Money Saving Expert, is urging

savers to read between the lines of such assurances. The finance guru voiced his concerns on X: "Reading between the lines its seems that, she is still considering announcing a cut

specifically to the cash ISA allowance for new money (rumoured from current £20k down to as low as £4k) as part of Autumn Statement." READ MORE: Rolf Harris' wife's staggering

estate revealed after standing by paedophile husband's sideREAD MORE: Steam down as devastated gamers worldwide fail to get onto online game platform Article continues below Despite

rowing back on cutting the Cash ISA allowance, Reeves remains keen on steering savers towards shares, with the Chancellor declaring in her announcement: "At the moment, a lot of money

is put into cash or bonds when it could be invested in equities, in stock markets, and earn a better return for people. "But I absolutely want to preserve that £20,000 tax-free

investment that people can make every year." Lewis broke down the rationale for this strategy: "Done in the (I suspect mostly forlorn) hope people will shift to investing that

money, as the investment (and total) ISA limit would stay at £20,000 or even rise. Article continues below "In my view better investment education, communication and widespread

accessible guidance would be a more effective way to the same goal."