Savers are preparing for drastic changes in Chancellor Rachel Reeves's Budget as the tax-free allowance linked to ISAs is expected to be nearly halved from £20,000 to £12,000.
It is understood the Treasury is floating the policy change to encourage households to invest in the UK stock market, however critics claim it is a stealth tax on those saving their hard-earned cash.
If implemented, savers would be at risk of becoming more liable for tax. Will you end up paying more to HM Revenue and Customs (HMRC)?
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Should the ISA tax-free allowance fall to £12,,000?
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