Andy Burnham and John Healey 2027 cash ISA rules update for pensioners born before 1960

NewsCost Of LivingYour MoneyA cash ISA shake-up has been announced by the Government10:16, 05 Sep 2026Updated 10:26, 05 Sep 2026Andy Burnham and Chancellor John Healey.(Image: Sean Hansford | Manchester Evening News)Changes to cash ISA bank account rules will impact millions of households from next April.‌The £20,000 tax-free ISA rate is being cut to £12,000. However, the rules won't be same for everyone.‌The cut will only impact working-age households under 65.‌READ MORE: PIP households sent major update on Andy Burnham 'cuts'READ MORE: Andy Burnham and John Healey new £800 PIP payment update in OctoberPensioners are being protected from changes to cash ISAs.‌This means they will still be able to take advantage of the existing £20,000 rate.Splitting people based on their age may be viewed