Written Question·Treasury·UIN 71430
Individual Savings Accounts: Tax Allowances
Tabled: 29 August 2025
Answered: 4 September 2025
Question
Nadia Whittome
Labour — Nottingham East
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of reducing the annual Cash ISA allowance on older savers.
Answer
Emma ReynoldsISAs incentivise saving and investment for future goals by providing tax advantages to individual taxpayers. The Government recognises the important role that cash savings play in helping households build a financial buffer for a rainy day. The Government...
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