Votes against saving old pile of cash for the present (8)
I believe the answer is:
nowadays
'the present' is the definition.
('nowadays' can be a synonym of 'present')
'votes against saving old pile of cash' is the wordplay.
'votes against' becomes 'nays' (I've seen this before).
'saving' is an insertion indicator.
'old' becomes 'o' (common abbreviation eg in OE for Old English).
'pile of cash' becomes 'wad'.
'o'+'wad'='owad'
'nays' enclosing 'owad' is 'NOWADAYS'.
'for' is the link.
(Other definitions for nowadays that I've seen before include "Gestures of respect" , "today!" , "In the 21st century" , "Currently" , "At this juncture" .)