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Closed Do not lower or remove the £20,000 annual cash ISA allowance

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We think it is vital the British people have the flexibility to save or invest their money in the way they see fit. We think that many people may be risk averse to investing in stocks and shares ISAs, want to have a safer vehicle to store their funds, and not want to invest long-term.

Fundamentally, we believe the current limit is fair and provides flexibility.

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  • Related activity

    Cash ISA: Government responds to Treasury Committee's report

    The government recently responded to a Treasury Committee report on the Cash ISA. In its response, it set out details of its planned changes.

    The committee's report, published before the November Budget, called on the government to "not cut the Cash ISA limit" and to focus on "improving financial literacy and enhancing access to good advice and guidance so that people can make informed decisions with their savings."

    What is the Treasury Committee?

    The Committee is a group of MPs from different political parties. It examines the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Conduct Authority.

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    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 22 October 2025.