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5.2 million UK households could be at risk of their savings being targeted by HM Revenue & Customs (HMRC) ahead of the Autumn Budget.

Chancellor Rachel Reeves will detail her Autumn Budget on Wednesday, November 26, with Cash ISAs potentially being hit on the day.

£516 billion across 5.2 million non-ISA accounts produces annual interest surpassing the £1,000 threshold for basic-rate taxpayers, Paragon Bank research has revealed.

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Currently, people can save £20,000 annually without fear of being taxed on their savings, but this could be about to be cut down to as low as £10,000.

58 per cent of ISA savers are unwilling to transfer funds to stocks and shares alternatives if limits were r

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