Individual Savings Accounts: Interest Rates
Commons · Question 13559 · Tabled 26 Jun 2026 · Treasury · Official record
Answered 2 Jul 2026
Question
Asked by James Wild
To ask the Chancellor of the Exchequer, what assessment she has made of the impact of a 22% charge on ISA-held interest on household savings behaviour, particularly among low- and middle-income savers.
Answer
Answered by Rachel Blake, 2 Jul 2026
At Autumn Budget 2025, the Chancellor announced a reduction in the Cash Individual Savings Accounts (ISA) limit for those under 65, to encourage retail investment and drive better returns for savers. Rules are needed to protect to integrity of the new Cas...