Written Question·Treasury·UIN 88334
Individual Savings Accounts
Tabled: 5 November 2025
Answered: 12 November 2025
Named DayQuestion
Bell Ribeiro-Addy
Labour — Clapham and Brixton Hill
To ask the Chancellor of the Exchequer, what assessment her Department has made of the impact of the real-terms freeze in the annual Cash ISA allowance on (a) pensioners and (b) other low-risk savers.
Answer
Lucy RigbyISAs incentivise saving and investment by providing generous tax advantages to individual taxpayers. Individuals can save up to £20,000 into an Individual Savings Account (ISA) each year, and any savings income received within an ISA is tax free. In 2022/...
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