29/10/2026
Following yesterday's Autumn Budget announcement that the Cash ISA annual allowance will remain at £20,000, our Chief Executive, Sean Humphreys, shared his thoughts on what the decision means for savers and the mutual sector. 👇
“I was pleased to hear yesterday’s decision to keep the Cash ISA allowance at £20,000, it’s much needed welcome news for savers. Everyone’s circumstances are different and people save for different reasons. As a mutual, we see first-hand the importance of encouraging a strong savings culture, whether building a rainy-day fund or saving towards a future goal.
Saving can make a real difference to financial resilience, Cash ISA’s are a solid foundation to build upon. Savings also sit at the heart of the building society sector, the money our members save at Stafford helps provide mortgages to other members, supporting people as they take one of the biggest financial steps of their lives and purchase their home.
There is clearly a place for encouraging greater investment and helping people understand the options available to them, retaining the £20,000 Cash ISA allowance means savers can continue to decide for themselves what best meets their needs whilst maintaining a tax efficient way to save.”
