Isas

The number of Junior ISA (JISA) accounts that received the full £9,000 subscription rose to a post-pandemic high during the 2023/2024 tax year – the most recent year data is available for – as families accelerated their gifting to children. Figures obtained by Murphy Wealth from HM

Cash ISAs experienced a record year in 2025 as savers funnelled £57 billion into these accounts, according to the latest Bank of England figures. This surge represents the highest annual inflow in a decade, vastly outstripping the activity seen since the allowance rose to £20,000 in 2017

As the UK grapples with the retirement savings challenge, and young people stare into a cost of living and employment crisis, Aberdeen Adviser has recommended the UK government close the gap between the Junior SIPP and the Junior ISA annual allowance, by raising the Junior SIPP allowance. Aberdeen A

The Chancellor’s decision to limit cash ISA contributions to £12,000 from April 2027 may be unpopular in a nation that prefers the safety of cash, but it could make a six-figure difference to savings over the long term, according to Murphy Wealth. Analysis from the Glasgow-based firm sug

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.