Individual Savings Accounts — Written Question

Question

Kevin Hollinrake

Conservative — Thirsk and Malton

To ask the Chancellor of the Exchequer, with reference to page 79 of the Budget Policy Costings 2025, published in November 2025, what assessment her Department has made of the potential impact of the reduction of the Cash ISA limit to £12,000 on revenues

Answer

Lucy Rigby

At Autumn Budget 2025, the Government announced that the annual ISA allowance will be kept at £20,000 with the cash ISA limit set at £12,000 from April 2027 for under-65s. This is part of the wider strategy aimed at supporting people to get into investing...

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