Individual Savings Accounts
Commons · Question 25138 · Tabled 28 Aug 2026 · Treasury · Official record
Answered 7 Sep 2026
Question
Asked by Vikki Slade
To ask the Chancellor of the Exchequer, what assessment he has made of the potential economic impacts of the reduction in the Cash ISA tax free limit to £12,000 for under 65s from April 2027; and what assessment he has made of the impact of this reduction
Answer
Answered by Lucy Rigby, 7 Sep 2026
The government announced at Budget 2025 that it is keeping the full £20,000 ISA allowance for investment, and setting the cash ISA limit at £12,000 from April 2027. This is part of our wider strategy aimed at supporting people to get into investing, inclu...