Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to ensure that reforms to Stocks and Shares ISAs do not disadvantage investors who make regular cash contributions and invest those funds gradually over time, including through pound‑cost averaging strategies.

ISA reform forms part of our strategy to support people into the higher returns that investing can provide.

Rules will be introduced to avoid circumvention of the lower limit for cash ISAs where an individual is under the age of 65. The industry is being consulted on the draft rules, which will be made by amendments to the ISA Regulations and laid in Parliament ahead of April 2027.

We will consult on the final rules as soon as these are ready, so that firms have enough notice before the new limit applies in April 2027.