Andy Burnham 2027 cash ISA rules and how state pensioners will be affected

NewsCost Of LivingYour MoneyMajor changes for savers will come into force next year08:42, 31 Jul 2026New cash ISA rules are due to come into force next year under Andy Burnham and Chancellor John Healey.‌But not everyone will be affected in the same way, with different rules applying to certain savers.‌The £20,000 tax-free ISA rate will be cut to £12,000 from April 2027, under measures announced by the previous Chancellor Rachel Reeves.‌READ MORE: Andy Burnham new £300 charge for drivers of these popular modelsGet breaking news on BirminghamLive WhatsAppBut this will only apply to people aged under 65. So crucially, pensioners will remain unaffected.‌OIder households will still be able to take advantage of the existing £20,000 rate.This separation of younger and older savers may be viewed