# No cash Isa shake-up in spring statement, but Reeves still considering cuts

## Reducing the maximum amount from £20,000 to £4,000

### By Rupert Jones
**Wed 12 Mar 2025 14.28 EDT First published on Wed 12 Mar 2025 14.19 EDT**

A mooted shake-up of cash  will not be announced in the spring statement this month, but the government is still considering the possibility of cutting the maximum amount people can put into them, it has emerged.

In recent weeks  over whether ministers should scale back tax breaks on the popular savings accounts to help encourage a shift from cash into stock market-based investments.

The chancellor, Rachel Reeves, has hopes to get that balance right. She did want to create more of a culture in the UK of retail investing like you have in the United States.

Some investment firms have released data that they said showed UK savers were “paying the price” for playing it safe because putting money into the stock market could generate much higher returns.

However, building societies and other savings institutions have pledged to fight any attempts to downgrade cash Isas. Last month, the Building Societies Association called on the government to “save” cash Isas, saying it would continue to press the chancellor “to listen to all sides of the cash Isa argument, not just to the loud voices of a group of self-interested big businesses”.

Britain’s biggest building society, Nationwide, has  the accounts “not only help ordinary people save efficiently but enable us to fund our first-time buyer lending”.

Meanwhile, Martin Lewis, the founder of MoneySavingExpert.com, who opposes reducing the cash Isa limit,  that people had told him “they are worried about what’s going on” amid the uncertainty over the future of cash Isas.

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