People who earn over £50,271 getting extra £138 before new rule under Andy Burnham

NewsCost Of LivingAndy BurnhamAverage fixed ISA rates now outpace standard savings bonds07:57, 13 Aug 2026New Moneyfactscompare research shows higher-rate taxpayers can earn an extra £138 on average by switching to fixed-rate ISAs. Average fixed ISA rates now outpace standard savings bonds, driven by a market shift ahead of the April 2027 reduction of the under-65 cash ISA allowance to £12,000 under Labour Party government Prime Minister Andy Burnham and his Chancellor John Healey.‌Mr Burnham and Mr Healey are set to ram through changes initially confirmed by former Chancellor, Rachel Reeves.‌Ms Reeves confirmed ISA rules are changing from the 2027/28 tax-year. From 6 April 2027, savers will no longer be able to transfer funds from stocks and shares ISAs or Innovative Finance ISAs into cas