Individual Savings Accounts
Commons · Question 96194 · Tabled 2 Dec 2025 · Treasury · Official record
Answered 10 Dec 2025
Question
Asked by Wendy Morton
To ask the Chancellor of the Exchequer, whether she has made an estimate of the number and demographic profile of savers impacted by the reduction in the annual cash ISA allowance; and whether she plans to introduce alternative saving and investment incen
Answer
Answered by Lucy Rigby, 10 Dec 2025
ISAs incentivise saving and investment by providing generous tax advantages to individual taxpayers. Individuals can save up to £20,000 into an ISA each year, and any savings income received within an ISA is tax free. In addition, due to the Personal Savi...