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For many of us, a Cash ISA has always felt like the safe choice. It’s simple. It’s steady. It lets you sleep at night. And for women juggling work, family, and everything in between, that sense of security matters.
But here’s the bit no one talks about. Sitting in cash for too long can mean your money loses power over time. Prices rise. Your savings don’t always keep up. And without a mix of investments, you miss out on the growth that builds long-term wealth.
Right now, you can save up to £20,000 a year across your ISAs. From April 2027, that changes. The annual Cash ISA allowance will drop to £12,000 for most people. Over-65s can still use the full £20,000, and Junior ISAs stay the same.
The remaining £8,000 is being nudged towards Stocks and Shares ISAs. It’s the government’s way of encouraging more of us to invest. And while that can feel uncomfortable, it’s also an opportunity to grow your wealth in a steady, long-term way.
Cash feels safe. We all know that. But a Cash ISA doesn’t always grow fast enough to keep up with rising prices. When that happens, your money loses some of its spending power. You might see your balance go up, but it buys you less over time.
Investing works differently. When you invest, your returns can be reinvested. Those reinvested returns then earn their own returns. That’s compounding. It’s one of the simplest ways to grow wealth over the long term.
You don’t get that same boost in a low-interest Cash ISA. But by moving even a small part of your savings into a Stocks and Shares ISA, you give your money the chance to benefit from compounding. And you can do this in a steady, low-stress way that suits your comfort level.
The hardest part is often confidence, not ability. Once you take the first step, it starts to feel a lot less daunting.
The best time to start was yesterday. The second best time is today.
The Budget brought in a lot of changes. Some will shape your finances now. Others will matter a few years from today. To make good decisions, it helps to know what you want and how you plan to get there. These questions can give you a clearer starting point.
Everyone’s different. Some of us like to play it safe. Some of us are happy in the middle. Some are comfortable taking more risk. There’s no right answer. Knowing how much uncertainty you can live with helps you choose investments that won’t keep you up at night.
Think about when you’ll need the money. If it’s ten years or more, you can usually take on a bit more risk because you have time to ride out ups and downs. If you’ll need the money sooner, you may want something steadier.
Both work. If you have a chunk of money ready, that’s great. If not, putting in a small amount each month is just as powerful. It builds a habit and smooths out the highs and lows of the market. Choose what fits your cash flow, not what feels impressive on paper.
This is your safety net. A small pot you can reach quickly if life throws you something unexpected. When your short-term needs are covered, it becomes much easier to invest with confidence and without stress.
It’s easy to tell yourself you’ll deal with it tomorrow. Life is full and money can feel heavy. But planning your future today is one of the kindest things you can do for yourself.
If you’ve been able to save, this new Budget shift could be a gentle invitation to grow, not just guard, your money.
Welleness is a women-led business on a mission to close the gender finance gap for good. We offer women a clear, confident and caring pathway to financial health – zero jargon, no pressure.