RE: Isa changes9 Jul 2025 08:12
As it stands the people who are already pretty well off benefit the most from the current ISA caps anyway.
I mean realistically how many people can save 20k every single year? If you can do it every single year - you are already doing well for yourself.
They could easily halve it and it would have no affect on majority of people. You could probably actually slash it to 5k and it will not affect the average Joe.
Majority of people full time, earn between the minimum wage 24k and the average wage 37k and if you were able to save 20% every year that is between 4.8k and 7.4k. Slash the ISA who gives a monkeys! haha