Rejected petition ISA allowance to remain £20,000 and abolish any idea of an allowance decrease.

Ensure/guarantee that the current ISA allowance remains as £20,000 per person per year across all ISA's. Abolish any and all ideas of reducing it.

More details

There are rumours that the government will reduce the ISA allowance to an insulting total of £4,000. This will not benefit the working, lower middle and middle class, as it's the only tax efficient way to save and invest with the current £20,000 allowance. The allowance include the lifetime ISA and if they were to change will create even more disparity between the old and rich and the young and poor who are only just trying to find their feet/build a life in this country.

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.

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You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/718599

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Date submitted 1 March 2025
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