Tax rule changes cause cash ISA savings to fall by a third

Posted in: blog-cer financial

The taxman charts a £20bn dip in Cash ISA saving in the last financial year, with stocks and shares ISAs now ruling the roost. Official figures from the taxman show there were 1.6 million fewer accounts taken out in the last financial year - falling to 8.5 million. The biggest fall was reserved for the amount saved - dropping by £19.5bn in 2016/17 to £39.2bn. Financial analysts blamed the introduction of the personal savings allowance last year, which allows basic rate taxpa

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