ISAs are facing a major reform, with the annual cash ISA limit for under-65s being slashed from £20,000 to £12,000

The tax-free allowance is reducing from next year, with a new rate applied to money invested in stocks and shares.

Savers are being urged not to overlook a range of tax-free perks

ISAs are facing a major reform, with the annual cash ISA limit for under-65s being slashed from £20,000 to £12,000