Rejected petition Retain the existing £20000 per tax year cash ISA allowance

I wish the UK government to retain the annual £20000 allowance for cash ISAs so that savers earn interest that is free of tax.

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Cash ISAs are extremely popular, don’t need simplifying, and the existing allowance means interest earned on already taxed deposits to be free of further taxation. Prudent savers that choose not to invest in longer term but riskier stocks and shares ISAs should be free to do so.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign the following petition, which calls for similar action:

Do not lower or remove the £20,000 annual cash ISA allowance
https://petition.parliament.uk/petitions/718599

We only reject petitions that don’t meet the petition standards.

Date submitted 21 February 2025
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