The Chancellor’s proposed changes to the Cash ISA in her November Budget risk complicating the ISA landscape and confusing consumers, according to the Treasury Committee.

Savers stashed £4.2bn in cash ISAs in October, the largest inflow since the end of the tax year in April, and up from £3.3bn in September.

Three in five (60%) of Cash ISA holders would consider moving some of all of their money into a Stocks and Shares ISA, according to a new report.

Cash ISA subscriptions rose by 67% to £69.5bn in the 2023/24 tax year, according to new figures released today by HMRC.

Adviser investment platform Fundment has launched a cash ISA and cash lifetime ISA backed by a fully digital cash investment system.