Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of lowering the cash ISA limit to £12,000 on incentivisation in UK businesses.

The Government wants to see more people benefit from the higher returns and long-term financial resilience that investing can provide, which will also benefit UK capital markets and the wider economy. That is why the Chancellor has set out a series of bold measures to get Britain investing again, including the reforms to ISAs announced at Autumn Budget 2025.

At Budget, the Government announced that the annual ISA subscription limit will be kept at £20,000 with the cash ISA limit set at £12,000 from April 2027 for under-65s. This forms part of the wider strategy aimed at supporting people to get into investing, including Targeted Support, which went live in April 2026. In addition, financial services firms will provide new, easily navigable ways for people to find the right UK investment for them.