Millions of savers and investors to face higher tax bills after Reeves’s budget

Millions of savers and investors to face higher tax bills after Reeves’s budget

Chancellor unveils measures that will affect Isas, pensions, and income from dividends, property and savings interest

Measures that will mean higher tax bills for millions of savers and investors were unveiled by the chancellor as part of her budget statement.

Alongside two widely trailed measures – cutting the maximum that can be put into a cash Isa each year and clamping down on salary sacrifice pension schemes – were two surprises: an exemption from the new Isa rules for those over 65, and an increase in income tax on savings interest and property and share dividend income.

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