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Personal finance experts have warned there is a "fatal flaw" in Chancellor Rachel Reeves' plan to slash the cash Isa allowance in her Budget.

Sylvia Morris, a This is Money expert, says of the plan from the Labour Party Chancellor: "At the moment, you can split your £20,000 annual Isa allowance as you choose between cash and stocks and shares. Some fear the cash element could be cut in Rachel Reeves’ Budget on November 26 – perhaps even to as little as £4,000 a tax year.

"But what I want to know is what would stop someone from putting up to their full allowance into a stocks and shares Isa and transferring it further down the line?"

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The texpert said: "It is up to you to ensure that you do

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