State pensioners will be exempt from forthcoming cash ISA rule alterations. The tax-free savings limit in cash Individual Savings Accounts (Isas) will be reduced from £20,000 to £12,000 annually for those under 65, as announced by Labour Party Chancellor Rachel Reeves in the Budget . The existing £20,000 yearly allowance can be utilised in a single account or distributed across various Isa products as desired. These accounts do not automatically close at the conclusion of the tax year. When the