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Cash Isas: Plans to cut tax-free allowance on hold

Source: BBC

There will be no immediate changes to cash Individual Savings Accounts (Isas), the BBC understands.Chancellor Rachel Reeves was widely expected to announce plans to reduce the £20,000 tax-free allowance.The move was aimed at encouraging more investment in stocks and shares, which the goverment says it will still focus on."Our ambition is to ensure people's hard-earned savings are delivering the best returns and…

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Read the original source at BBC